Zhang Lihui, edited at 2:44 AM Beijing time on November 18: Ethereum market analysis and trading suggestions:
Ethereum has rebounded close to the 3200 level during the day, forming a pullback situation. It is currently testing yesterday's low at the 3000 level. On the daily chart, it continues to challenge the MA450 and the 3000 level. The lower boundary at the current level continues to test downward, and the RSI is still approaching oversold conditions, indicating that there may still be downward space. During the day, continue to pay attention to the downward pressure from MA7 for short positions. If the 3000 level cannot be defended, look further down to the weekly EMA120 and MA120 (below 2900).
Additionally, on the 4-hour fast line, a second convergence is currently forming. Whether a death cross occurs is also quite critical. If it successfully forms, the bearish target of 2900 will be easily achievable. If there is a limit reversal, it may face a rebound phase because the Bollinger Bands are in an opening shape and are not solely directed downward. Therefore, Lihui believes there is also upward space.
Today's Ethereum short entry point one: lightly short above 3000; stop loss at 50 points; target 2940-2860; if broken, look to 2850 for further downside!
Today's Ethereum long entry point one: lightly long below 3030, stop loss at 2950; target 3090-3150-3190; if it breaks above 3200-3250, continue to hold! 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 entry 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 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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