Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be too hasty. Even if there are short-term losses, there is nothing to fear. As long as the subsequent direction is chosen correctly, what has been lost will eventually return. However, it is important to grasp the timing of trades and the current market trends to improve the win rate. At the same time, investing is also a process of growth. Mr. Coin advises all cryptocurrency friends to learn while trading, summarizing both profits and losses in a timely manner, deepening the understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

8.22 Ethereum (ETH) Market Analysis Reference

Ethereum made a slight rebound after a pullback yesterday, but unfortunately, the price was blocked at the 4370 level, and the upward momentum did not continue further. In the evening, the gains from the rebound were gradually consumed, and the downward trend only began to dissipate when it touched around 4210. The intraday market saw a rise followed by a pullback, reaching a high of 4370, with the upward strength weakening. There is still a possibility of pressure to move lower in the future, so it is recommended that all cryptocurrency friends prepare early.

From the short-term hourly chart, the Bollinger Bands are in a contracting posture. After a recent pullback from the high on the 4-hour level, the price is oscillating in the 4265-4208 range, forming a double top pattern. The key is to observe the support at 4250. On the daily level: after a large bullish candle broke out on August 20, there have been two consecutive days of bearish closes, with a dark cloud cover pattern appearing at the high, indicating short-term pullback pressure. The 4-hour DIF and DEA have formed a golden cross below the zero axis but have not broken through, with the histogram contracting. The daily MACD histogram has been shortening for three consecutive days, with the fast and slow lines sticking together at a high level. The price has broken below the 4-hour EMA7 (4269), testing the resistance of EMA30 (4302) and forming a death cross signal with the daily EMA7 (4305). The trend is relying on the middle axis of the Bollinger Bands, with strong support below, and the daily middle axis around 4140 also providing strong support. The price has further testing risks for the lower support. In terms of operations, it is recommended to focus on short positions during rebounds, with resistance above at 4350-4400 and support below at 4130.

8.22 Ethereum Short-term Reference:

Light short at 4350-4400, stop loss 30 points, target below 4300,

Light long at 4180-4131, stop loss 30 points, target above 4250,

There may be a delay in sending the article, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgment, it is essential to manage take-profit and stop-loss effectively to secure gains.

For more real-time trades daily, you can follow my public account to obtain information. You can learn technical analysis online, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency space, and have studied in the U.S. multiple times, mainly analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are not familiar with trading, you are welcome to study and learn together. For more real-time trading strategies, online technical learning, exit strategies, etc., you can follow the mentor's public account (Mr. Coin in the cryptocurrency circle) to get the addition method: the first ten people each day can receive free exit strategy advice.

Exclusive opinions, there may be a delay in sending the article, and risks are borne by oneself. Manage positions reasonably and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, moving forward together. In the depths of time, hold onto understanding lightly. In investing, one must learn to be optimistic. Do not let your future self dislike your present self. We live authentically, but not every data revelation needs to be taken too seriously. Let the past be the past, and let the future come quickly! Take good care of yourself, sharpen your skills, and be ready to set off at any time. Let's go!

—— This article is written by Mr. Coin in the cryptocurrency circle, no plagiarism allowed, respect originality!

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