Zhang Lihui, edited at 1:18 AM Beijing time on October 23: Today's Ethereum (ETH) market analysis and trading suggestions:
Yesterday, Lihui clearly stated that as long as the market breaks below the support of the 4-hour midline, it will further decline to challenge the 3800 level. If you entered a long position, it's wise to set a stop-loss; there's nothing wrong with that. As long as you are not heavily invested, it's okay to be wrong; what you should fear is being heavily invested and losing everything! Currently, the 4-hour Bollinger Bands have turned to a downward trend again, with all three lines moving downwards. The lower line has already fallen below yesterday's low, indicating that the bearish trend will continue to extend downwards. The current MACD shows a dead cross opening, while the KDJ and RSI three lines are weakly turning down at low levels, indicating there is still room to approach the oversold area!
The previously mentioned daily line closure has also changed, with all three lines moving downwards. The lower line is extending downwards close to the EMA180. Currently, the price is facing resistance above the K-line at the EMA120. The MACD continues to expand, and the dead cross is forming a divergence downwards, making it difficult to close. The KDJ and RSI are in the middle to lower range and continue to spread downwards, indicating that the bearish momentum will continue to spread. The suggested strategy is to focus on short positions during rebounds, paying attention to the 4-hour midline and the daily EMA120 resistance levels for potential entry.
Today's Ethereum short position suggestion: Light short above 3870, stop-loss above 3950; target 3810-3720; if it breaks 3700, you can continue to hold until around 3630! Specific entry opportunities for short positions can be followed through Lihui's real-time updates!
Today's Ethereum long position suggestion: Light long below 3630, stop-loss below 3550; target 3720-3850, if it breaks 3870-3790, you can continue to hold!
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 they are 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 BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other cryptocurrencies. For those who are unsure about trading, feel free to leave comments! This article is exclusively published by (public account: Zhang Lihui) for reference only, and the risks are to be borne by the reader. May we remain humble and brave in the complex cryptocurrency world, unafraid of challenges and willing to explore. As the saying goes, "The road ahead 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, weather 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 trials, staying true to your original intentions. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and together compose a brilliant future, sharing the joy of success. Let us work hand in hand to create brilliance on this investment journey filled with challenges and opportunities!
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