11.15 Zhang Lihui: Ethereum Market Analysis and Trading Suggestions:
In the early hours of yesterday, the article was not yet finished, and Ethereum broke down uncontrollably. Lihui felt that the momentum was off, and urgently made adjustments, providing signals on various social media platforms to temporarily observe long positions. As expected, the price of the coin broke down again below the 1-hour EMA120 last night, with EMA160 approaching the current EMA220 position, which helped everyone avoid significant risks.
Continuing to look at the 1-hour chart, the Bollinger Bands are opening downwards, with the upper band bending down close to the trendline top. The candlestick is dipping down near the EMA220 position and rebounding back to the current EMA160. Therefore, we can consider the support range of EMA220 and MA220 below, while the upper pressure considers the upper band and MA60 range. In the MACD, a contraction appears below the 0 axis; we should pay attention to whether the fast and slow lines can successfully converge.
The 4-hour Bollinger Bands are also opening downwards. The candlestick formed a rebound after touching the lower band, and there is currently MA30 and trendline resistance above. If this level is not broken, it can be considered an opportunity to enter short positions. Below, we can consider the support at EMA60 for long entries, which aligns with the 1-hour MA220; the defense can be set at the MA60 position. In the MACD, there is no significant contraction with volume below the 0 axis, and the DIF and DEA continue to open downwards. We can pay attention to whether the fast line shows a turning point as it approaches the 0 axis.
From a daily perspective, the Bollinger Bands are in a converging pattern, with the upper band continuously pressing down the current 3567, while the lower band is rising. The middle band is also continuing to rise, currently at 3029, which can be considered as overlapping support with the 1-hour MA220 and 4-hour EMA60. The candlestick has also rebounded after falling close to this position, so this area can be a key focus for a second dip in the short term. Remember that in the past two days, it was mentioned that EMA30 has successfully broken above EMA220 and EMA160, and the bottom EMA80 and EMA60 are also rising, forming an overlap with EMA300. The daily indicators still look optimistic; let's continue to wait for a breakthrough above EMA220!
In summary, Lihui believes that there is still room for a large-scale bullish trend, and the short-term pullback is just temporary; one can maintain a strategy of entering high short and low long positions.
At 1:03 AM Beijing time on November 15, the editor suggests focusing on light long positions in the 3050-3010 range during the pullback, with a stop loss below 2985; targets are set at 3120-3170-3220. If it breaks above 3230-3250, one can continue to hold until above 3300.
If the 3230-3250 range does not break, one can consider entering light short positions above 3200, with targets at 3150-3100-3050; specific entry opportunities for short positions will be notified in real-time by Lihui!
There may be delays in article review and push notifications; the market changes rapidly, and specific entry opportunities must be combined with real-time operations. The suggested points in the article are for reference only; please do not operate with heavy positions. When entering, please set take profit and stop loss levels, 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 cryptocurrencies such as BTC, ETH, LTC, DOT, EOS, BNB, and SOL. I welcome comments and messages from those who are not familiar with 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 ahead is long and has no ending; yet high and low I'll search with my will unbending." 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 work hand in hand to create brilliance in this investment journey filled with challenges and opportunities!
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