11.17 Zhang Lihui: Ethereum Market Analysis and Trading Suggestions:
Last night, Ethereum unexpectedly surged above 3200, followed by a pullback to the 1-hour MA220 position. The current market continues to push towards MA120 to the upper range. We can see the lower range is continuing to rise and is converging at the support nodes of MA60 and MA30. The lower space mentioned yesterday no longer exists, and this can also serve as a point for adding long positions; MACD continues to expand above the 0 axis, and DIF and DEA are once again forming an opening, indicating that bullish momentum may strengthen again.
In the 4-hour chart, the Bollinger Bands are opening upwards, and the upper band is expanding quickly. The current K-line is crossing above MA30, with support below at the overlapping positions of MA60 and the middle band. Defensive positions below can consider EMA60, EMA80, and the lower band range; MACD is accumulating strength above the 0 axis, with the golden cross opening continuing, and bulls will continue to push higher.
On the daily chart, the trend of moving averages continues to improve. Remember to pay attention to the EMA80 and EMA60 indicators; reaching above EMA220 will be the day the upper band rises.
In summary, Lihui believes that the short-term bullish space is strong. If a pullback opportunity arises, one can continue to maintain a low long position; short entry opportunities can be considered after breaking the 14-day high for short operations.
At 2:58 AM Beijing time on November 17, the suggestion is to enter light long positions in the 3140-3110 range on a pullback, reserving positions at 3050-3020 for adding to positions below; stop loss at 2990; targets are set at 3180-3220-3250; if breaking above 3255-3265, one can continue to hold until above 3300.
For short positions, one can consider entering if 3255-3265 does not break; specific entry opportunities will be based on real-time notifications from 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; do not operate with heavy positions. Please ensure to set take profit and stop loss, 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 not familiar with trading!
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This article is exclusively published by (WeChat public account: Zhang Lihui) and is for reference only; risk is 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 jointly compose a brilliant future, sharing the joy of success. Let us work hand in hand to create brilliance on this investment journey filled with challenges and opportunities!
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