Zhang Lihui, edited at 6:05 AM Beijing time on October 16: Ethereum market analysis and trading suggestions:
The 1-hour Bollinger Bands for Ethereum are narrowing downwards, with the fast and slow lines forming a death cross and continuing to open. The K-line is testing the lower band position for the second time, and both KDJ and RSI are turning. The upper pressure is at the middle band position; if it cannot break through, it will be a false rebound signal. A breakout will require adjustments to set up a short position at the upper band!
The 4-hour Bollinger Bands channel is also trending downwards, with MACD expanding below the 0 axis. The fast and slow lines are forming a death cross. KDJ and RSI continue to move down towards the oversold zone, indicating a risk of short-term pullback!
On the daily level, the Bollinger Bands channel is also trending downwards, confirming that Lihui's continuous high short strategy over the past few days is correct! The current K-line continues to move down towards the EMA120 position. After breaking through 3900, it can serve as the first target profit point. A strong breakout can continue to target the EMA160, which coincides with the lower band (3610). Currently, this seems quite far, but if the daily K-line shows increased volume again, the downward space will intensify. The fast line shows intentions of divergence again, which is a strong bearish signal! Additionally, KDJ and RSI turning weakly downwards in the neutral zone and many other signals indicate a pullback intention! Therefore, before the trend stabilizes, do not attempt to go long against the trend!
Today's Ethereum short suggestion: Light short above 4000; reserve for a supplement above 4090, stop loss at 4150; target 3930-3865; if it breaks below 3850-3800, you can continue to hold;
Today's Ethereum long suggestion: Light long below 3610, stop loss below 3550; target over 100 points; specific entry opportunities for long positions can be followed through Lihui's real-time updates!
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 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 global economic news and analyze major trends in the cryptocurrency world. 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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