Zhang Lihui, edited at 2:20 AM Beijing time on August 5: Ethereum Market Analysis and Trading Suggestions:
Continuing to look at the daily K-chart of Ethereum, the price has rebounded as expected from the previous drop to the EMA30 position. I wonder if the fans have seriously looked at my previous analysis? It is important to understand why Lihui is bearish at this position and why he chooses to go long at this position. In the face of key indicator signals, do not be misled by a significant drop and blindly open a short position! A significant reversal opportunity often lies in the hands of contrarians. We can see that the current K-line has successfully rebounded over 300 points, and the K-line has pulled directly from the lower track to above the middle track! From the current formation, it is under pressure from the high point on the 1st of this month. It may still be a bit weak to stabilize above the middle track and the MA15 range, so it is recommended to run long positions steadily and continue to wait for a pullback to find short-term long opportunities! The support below needs to focus on the EMA15 and EMA7 three-line support range. The upper side still looks at whether the high point on the 1st can form a second pressure. If it is under pressure, then this small U-shape will form a new round of short-term high points again. If it successfully breaks out, there is a high probability of attacking 3800, including the possibility of reaching the daily upper track! From the posture of the KDJ and RSI three lines, it is forming an oversold turn that is about to converge upwards. The fast and slow lines are also showing a narrowing again, and the volume bars below the 0 axis are shrinking, so there may be further bullish potential in the short term. The bulls need to guard against whether there is a second divergence phenomenon occurring with the fast line! Because the daily death cross is still ongoing!
Today's Ethereum suggested long entry point one: light long below 3630, stop loss at 3580; target 3675-3710-3755; if it breaks 3760-3790, you can continue to hold!
Today's Ethereum suggested short entry point one: light short above 3800; stop loss at 50 points; target 3720-3675-3610; if it breaks below 3600-3580, you can continue to hold; specific entry opportunities for short positions can be followed with real-time updates from Lihui! You can also pay attention to whether the high point on the 1st of this month is under pressure again and enter with a light position in advance, with the same target unchanged!
There may be delays in article review and push notifications, and the market changes rapidly. Specific entry opportunities must be combined with real-time operations, and real-time notifications are the standard. The suggested entry points in the article are for reference only; do not operate with heavy positions. Please 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 conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other cryptocurrencies. For those who are not familiar with trading, feel free to comment and leave messages!
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This article is exclusively published by (WeChat public account: Zhang Lihui) for reference only, and the risk is borne by the reader. May we remain humble and brave in the complex cryptocurrency world, unafraid of challenges, and willing to explore. Just as "the road 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, experience storms, and gain insights into life.
May you, under Lihui's guidance, leverage your strengths and avoid weaknesses, create value, and remember the market's baptism, staying true to your original intention. In the wave of digital currency, may we hold on to our beliefs, forge ahead, and jointly compose a brilliant future, sharing the joy of success. Let us work hand in hand to create brilliance in this investment journey full of challenges and opportunities!
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