11.22 Zhang Lihui: Ethereum Market Analysis and Trading Suggestions:
It can be seen that the intraday candlestick in the 4-hour chart of Ethereum has broken through the MA60 and upper resistance as expected, which is the 3160 position mentioned yesterday. With the support of the main force, the market has once again surged above 3300; currently, the Bollinger Bands are opening, and the lower band has pierced the long-held 3000 support, indicating that there is also space below. Do not be misled by the current bullish momentum; today, the upper pressure can be seen at the high position before the 12th, where a short position can be considered. For smaller levels, consider the MA60 and EMA7 range for support on any pullbacks; at the current position, it is not recommended to chase long positions to prevent the main force from raising prices to offload, as it is quite rare for Ethereum to have risen this much in a day.
On the daily chart, the candlestick has pierced the upper band, but there is no significant upward movement in the upper Bollinger Band. It is expected that the daily closing price will again fall below the upper band, with support on the middle band and EMA7 position. The EMA30 continues to rise, and the previously mentioned EMA60 has crossed above the EMA120, with EMA80 following closely. The medium to long-term bullish trend continues to exist; additionally, the previously anticipated death cross of DIF and DEA has turned back into a golden cross. We will continue to observe today's performance to see if it can widen again.
In summary, Lihui believes that a short position can be attempted at the high point of the 12th, and as long as the pullback support does not break, the main strategy can continue to be long.
At 2:44 AM Beijing time on November 22, the editor suggests that short positions can be considered in the 3400-3440 range, with a stop loss above 3480; targets are 3320-3230-3170. If it breaks below 3160-3130, it can continue to be held.
It is suggested to enter light long positions below 3170; stop loss below 3130; targets are 3250-3340-3430. If it breaks above the 3440-3460 range, it can continue to be held above 3500.
The article review and push have delays, and the market changes rapidly. Specific entry opportunities must be combined with real-time operations, and real-time notifications should be prioritized. 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 when entering, and take profits when favorable!
I, Lihui, interpret world economic news and analyze global cryptocurrency trends. During my studies in the U.S., I have 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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