11.14 Zhang Lihui: Ethereum Market Analysis and Trading Suggestions:
Yesterday, Lihui laid out a long position in the Ethereum range of 3120-3160, with the target of 3290 reached, securing another 130+ points; in yesterday's article, it was mentioned that there was resistance at the upper band on the 1-hour chart, specifically at the 3310 position, providing bearish targets and opportunities for low long positions. It is unknown how many traders achieved both long and short profits. Everyone knows that Lihui is relatively stable and generally only trades in one direction for trending markets, which allows for a more robust profit realization; furthermore, Lihui does not disdain chasing highs and cutting losses, and will not focus on short-term bearish pullback markets! Additionally, the current major trend has not changed; a slight positive news could push Bitcoin to new highs, so everyone should be cautious about going short! Also, the long position set below 3150 from yesterday is still held, and everyone can pay attention to it. Lihui believes there is still room for upward movement and will not easily close every optimal entry point.
From the 1-hour chart, it can be seen that the Bollinger Bands are still opening upwards, with the lower band continuing to rise close to the EMA120, so the downward space will not be too large. Although the current candlestick has shown a pullback again, the support below can be considered at the middle band and EMA80 range, with the defense and replenishment point set at the EMA120 position. In the MACD, there is a decrease in volume above the 0 axis, and the DIF and DEA are converging, continuing to observe the downward strength of the market.
The 4-hour Bollinger Bands continue to show a converging pattern. The current candlestick's support below can be considered at the middle band and EMA15 range, with the defense and replenishment point at the EMA30 position, which aligns with the 1-hour EMA120 position; in the MACD, there is a continued decrease in volume below the 0 axis, and the convergence of DIF and DEA is slowing down, waiting for the bearish trend to finish before entering the market.
In summary, Lihui believes that the bullish space still exists, and one can still enter low long positions on pullbacks; opportunities for short positions need to be combined with real-time market changes before entering, with specific operations based on Lihui's real-time notifications!
At 2:40 AM Beijing time on November 14, the editor suggests entering light long positions in the 3250-3210 range on pullbacks, reserving the 3160-3140 range for replenishment, with a stop loss below 3130; targets are set at 3320-3380-3430; if it breaks above 3440-3460, one can continue to hold until above 3500.
There may be delays in article review and push notifications; the market changes rapidly, and specific entry opportunities must be combined with actual operations, based on real-time notifications. The suggested points in the article are for reference only; please do not operate with heavy positions, and always set take-profit and stop-loss levels, taking 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 cryptocurrencies such as BTC, ETH, LTC, DOT, EOS, BNB, and SOL. I welcome comments and messages from those who are unsure about trading!
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This article is exclusively published by (WeChat public account: Zhang Lihui) 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 strengths and avoid weaknesses, create value, and remember the market's baptism, staying true to your original intentions. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and together compose a brilliant future, sharing the joy of success. Let us join hands and move forward in this investment journey filled with challenges and opportunities, creating brilliance together!
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