11.11 Zhang Lihui: Ethereum Market Analysis and Trading Suggestions:
After waiting for two days, Ethereum still hasn't provided a significant pullback opportunity. This weekend is different from the past, with continuous upward adjustments. The 3200 mentioned by Lihui on the 8th has been reached.
During the day, a high of 3236 was reached, forming a short-term pullback. We can see that after a spike below the lower band on the 1-hour chart, it rebounded again to run above the middle band. From the EMA moving averages, it is still in a bullish arrangement. Although the MACD shows an increase in volume below the 0 axis and a death cross at a high position is opening, the price adjustment is still very slow. If the market intends to provide a pullback opportunity, then if the candlestick breaks below the lower band and EMA15, we can consider entering at the EMA30 position.
On the 4-hour Bollinger Bands, it is still trending upwards, with the lower band rising close to 3000. The middle band coincides with EMA10 and forms support with EMA7. A pullback here is also a perfect entry point for long positions, aligning with the 1-hour EMA30. For defense, we can consider below the EMA15 position.
From the daily chart, looking at the straight pressure from the pullback, the candlestick has effectively stood above the 3100 position. Therefore, we can first look at the vicinity of the high point on July 31, which is around 3330. Don't think it's too far; the upper band is approaching, and the candlestick is likely to follow closely. The MACD still shows strong volume above the 0 axis, and this golden cross opening is indeed alarming. However, Lihui believes this is just the necessary upward adjustment for the second-tier coins, which many coin friends have criticized for a long time, and now it’s finally firming up!
In summary, Lihui believes that the upward adjustment space still exists, and it is best to enter on pullbacks for long positions. Testing short positions should be more conservative, and entry opportunities need to be combined with real-time market changes before entering. Specific operations should follow Lihui's real-time notifications!
At 0:48 Beijing time on November 11, the editor suggests entering lightly in the 3130-3160 range on a pullback, with a stop loss at 3080; the target is 3260-3320. If it breaks above 3330-3350, you can continue to hold until around 3480, which is near the high point on July 24.
There may be delays in article review and push notifications, and the market changes rapidly. Specific entry opportunities must be combined with real-time operations, and the article's suggested points are for reference only. Please do not operate with heavy positions; enter with proper take-profit and stop-loss measures, and take profits when favorable!
I, Lihui, interpret world economic news and analyze global cryptocurrency trends. During my studies in the U.S., I conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other cryptocurrencies. I welcome comments and messages from those who are unsure how to operate!
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This article is exclusively published by (WeChat Official Account: Zhang Lihui) and is for reference only; risks are borne by the reader. May we remain humble and brave in the complex cryptocurrency world, unafraid of challenges and willing to explore. Just as "The road is long and has no ending; I will search up and down for it," I hope we keep pace with the times, absorb wisdom, travel thousands of miles, endure storms, and gain insights into life.
May you, under Lihui's guidance, leverage your strengths and avoid weaknesses, create value, and remember the market's baptism, staying true to your original intention. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and jointly compose a brilliant future, sharing the joy of success. Let us work hand in hand to create brilliance in this investment journey full of challenges and opportunities!
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