Zhang Lihui, edited at 3:20 AM Beijing time on October 13: Ethereum Market Analysis and Trading Suggestions:
The 1-hour Bollinger Bands for Ethereum are narrowing upwards, with the current candlestick facing resistance from the EMA180, EMA220, and EMA300 lines, attempting to stabilize at the EMA120 position. However, the upper band has already pierced through the three lines and is still extending upwards. The volume above the 0 axis in the MACD is shrinking, while the KDJ and RSI are facing downward resistance. If it cannot stabilize above the EMA120 in the short term, it may pull back to the support zone between the middle band and EMA80!
The 4-hour Bollinger Bands are opening, with the current price above the EMA30. There is pressure in the EMA60-EMA180 range above. Although there is a golden cross with increasing volume, there is also a risk of a pullback as the KDJ and RSI approach oversold conditions! If the price strongly breaks through 4300, it may further retain long positions and adjust short opportunities!
On the daily chart, the key resistance level is also around the same area, with the middle band and EMA30 both near 4300. In the short term, attention should be paid to the convergence strength of the daily fast and slow lines and the possibility of a second divergence! Additionally, the weekly chart is basically forming a convergence; if a death cross occurs, the next round of bearish momentum may unfold soon!
Today's suggested long entry point for Ethereum: Light long below 4020, stop loss at 3915; targets at 4100-4170-4260; if it breaks 4270-4300, you can continue to hold!
Today's suggested short entry point for Ethereum: Light short above 4260; stop loss at 4350; targets at 4170-4100-4030; if it breaks below 4000, you can continue to hold; specific entry opportunities for short positions can be followed through real-time updates from Lihui!
There may be delays in article review and push notifications; the market changes rapidly. Specific entry opportunities must be combined with real-time operations, and notifications should be prioritized. The suggested entry points in the article are for reference only; do not operate with heavy positions. Please set take-profit and stop-loss levels when entering, and take profits when available!
I, Lihui, interpret world economic news and analyze global cryptocurrency trends. During my studies in the U.S., I conducted in-depth research on cryptocurrencies such as BTC, ETH, LTC, DOT, EOS, BNB, and SOL. I welcome comments and messages from those who are not familiar with trading!
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