11.27 Zhang Lihui: Ethereum Market Analysis and Trading Suggestions:
In the 1-hour chart, the Bollinger Bands are trending downwards, and the current upper band shows signs of slowing down. After the fast and slow lines crossed downwards yesterday, there is considerable room for a pullback. The K-line has formed a rebound after dipping below the MA220 twice, so short-term support can be considered at this level, with lower defense at the overlapping points of MA300 and MA380. For upper resistance, consider the MA30, MA60, and MA120 lines. In the MACD, the volume is decreasing below the zero axis, and the fast and slow lines are narrowing again. We will continue to watch for a stabilization of the K-line before entering long positions.
In the 4-hour chart, the Bollinger Bands are opening up, and the upper band continues to rise, indicating that there is still room above. The K-line is forming a rebound at the MA60 level, which aligns with the MA220 in the 1-hour chart. The MA120 is also rising quickly and can serve as a defense position. The fast line's downward speed is slowing and is about to form a convergence; we will continue to watch if the current 4-hour chart can stabilize and rebound.
On the daily chart, the Bollinger Bands continue to open upwards, and the K-line is rebounding at the middle band position, indicating strong support here. The EMA moving averages show that the 80 has successfully crossed above the 180, and the EMA120 is just a few points away from doing the same. A complete bullish arrangement is about to form. The fast and slow lines are at a critical point, and Lihui believes that the possibility of a rebound is quite high; this pullback may be the recent low point.
In summary, Lihui believes that the bullish trend for Ethereum continues to exist, and short-term pullbacks should maintain a low long position, waiting for a bullish breakout.
At 4:38 AM Beijing time on November 27, the editor suggests entering light long positions below 3300 during pullbacks, reserving the 3200-3180 range for additional purchases; stop loss below 3150; target at 3340-3390, and if it breaks above 3400-3430, you can continue to hold. For short positions, pay attention to my real-time guidance!
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 set stop-loss and take-profit levels when entering, and take profits when favorable!
I, Lihui, interpret global economic news and analyze major trends in the cryptocurrency market. 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 unsure about trading!
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