Zhang Lihui, edited at 2:48 AM Beijing time on November 25: Ethereum market analysis and trading suggestions:
The Bollinger Bands for Ethereum on the 1-hour chart are opening up. The evening market broke the range and slightly oscillated as expected, and fans of Lihui have already profited from the two waves of long positions below 2800 laid out yesterday. The current candlestick is close to the EMA220 and MA200 dual line position, and the upper band has also reached this position. There is an overbought high turning point phenomenon in KDJ and RSI. Lihui suggests that long positions can take partial profits and reduce holdings, while further retaining the possibility of a second test above EMA300; the lower support can continue to focus on the retracement support area of the 1-hour middle band and 4-hour middle band, entering if it does not break.
On the daily chart, the three lines of the Bollinger Bands remain downward. The candlestick has broken above the MA7 resistance and has reached the overlapping position of EMA10 and the middle band, indicating that Ethereum has reached a critical moment again. The MACD continues to shrink below the 0 axis, and the fast and slow lines have not yet formed a golden cross. KDJ and RSI continue to rise below 50. From the indicators, it seems there is no problem breaking the middle band, but whether a major decline follows still depends on whether this week's MA300 and MA450 can be further broken, which is expected to be the key to determining the golden cross! Currently, the short-term indicators show strong bullish momentum, and the focus should still be on low long positions during retracements. If the key pressure above is not broken, short positions can be entered!
Today's suggested short position for Ethereum: Light short above 3015; stop loss above 3085; targets at 2950-2910-2860; if broken, look for 2850-2830 for further downside!
Today's suggested long position for Ethereum: Light long below 2860, stop loss below 2780, targets at 2940-3010; if it breaks above 3020-3050, 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 actual trading operations, based on real-time notifications. The suggested points in the article are for reference only; do not operate with heavy positions. Please set stop-loss and take-profit levels 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 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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This article is exclusively published by (public account: Zhang Lihui) and is for reference only; risks are 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 strengths and avoid weaknesses, create value, and remember the market's baptism, 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 in this investment journey full of challenges and opportunities!
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