11.13 Zhang Lihui: Ethereum Market Analysis and Trading Suggestions:
Since the 6th, Ethereum has been on a one-sided upward trend, with a stretch exceeding a thousand points. Finally, it touched the 3449 position yesterday, forming a legitimate pullback. Lihui often mentions in practical guidance that one should not chase after a trend without a pullback. Even if the trend is one-sided, it doesn't matter. It can be seen that the market sentiment in the past few days has been in a state of extreme greed, even to the point of feeling frighteningly high. Often at this time, it is necessary to remain calm. Taking profits is not just talk; no one can become a big shot in one bite. Your greed will ultimately cost you, without exception.
In the 1-hour chart, the candlestick reached a high of 3449 yesterday and formed a pullback, repeatedly testing the EMA60-EMA80 range. However, the current Bollinger Bands are narrowing, and the candlestick is not breaking through the upper band with much strength. In the MACD, the volume continues to decrease below the zero line, and the DIF and DEA are still converging. We should continue to pay attention to whether a golden cross can form again. Lihui believes that a second divergence will occur here, and after the market completes its consolidation, it will undergo another pullback. If the EMA80 cannot hold, we will have to look at the EMA120 position.
The 4-hour Bollinger Bands are also in a narrowing pattern, with the upper band flattening. Therefore, the anticipated 3600 and 4000 levels will have to be put on hold. This does not mean that bears are attacking again; it is merely a normal pullback demand, as the moving averages are still in a bullish arrangement, and the lower band is still rising, forming support with the EMA30. This can also serve as an entry point for low long positions.
In the daily chart, the Bollinger Bands are narrowing upwards, with the lower band rising. From the moving average indicators, the bulls have not fully opened up yet. The EMA15 is approaching the EMA160-EMA220 range, and the bottom EMA60-EMA80 is also striving to approach the EMA300. If the above indicators break through, the market may reach new heights again; this may take some time, so everyone needs to be patient.
In summary, Lihui believes that bullish space still exists, and one should continue to enter low long positions during pullbacks. Short positions can be tested with light positions, and entry opportunities should be combined with real-time market changes. Specific operations should be based on Lihui's real-time notifications!
Beijing time, November 13, 3:50 AM, edited: It is recommended to lightly long in the 3160-3120 range during the pullback, with a stop loss below 3100; target at 3220-3290; if it breaks above 3300-3330, you can continue to hold.
There may be delays in article review and push notifications; the market changes rapidly. Specific entry opportunities must be combined with real-time operations, and the article's suggested points are for reference only. Do not operate with heavy positions; please set take profit and stop loss when entering, and take profits when you see good results!
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. For those who are unsure about trading, feel free to comment and leave messages!
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This article is exclusively published by (WeChat public 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. As the saying goes, "The road is long and has no ending; I will search high and low," I hope we keep pace with the times, absorb wisdom, travel thousands of miles, weather 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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