Cryptocurrency Expert: The oversold rebound in the bearish trend of Ethereum (ETH) on 11.14, why positioning and exiting are more important than direction
This article provides a structured review of the current state of Ethereum. It focuses on technical aspects, suitable for friends who want to clarify their thoughts for reference. First, I will explain the current market background in simple terms; then I will read the daily price, moving averages, MACD, and Bollinger Bands data. I will provide two reference plans for both bullish and bearish scenarios, indicating stop-loss and target levels for each. If, after reading, you can clearly judge "what trend are we currently in, where are the key positions, and what to do if wrong," then this article will have served its purpose.
The daily K-line TD structure has formed a 9. The price has fallen below all EMAs, and the short, medium, and long-term moving averages are in a bearish arrangement. The MACD double line continues to widen downward below the zero axis. The Bollinger Bands are diverging downwards, with the middle track at 2218, the upper track at 2464, and the price has dropped below the lower track at 1972. Overall, the daily line is still in a clear downward trend; the rebound has not reversed the structure, and the recent lowest point of 1893 is the current defense line between bulls and bears.
The four-hour K-line moving averages continue to exert pressure above the price: EMA15 is at 1997, EMA30 is at 2052, EMA60 is at 2126, EMA90 is at 2175, and EMA120 is at 2214. The bearish arrangement remains unchanged. The MACD's downward momentum has weakened, but the double line is still below the zero axis. The Bollinger Bands have a lower track at 1918, the middle track at 2018, and the upper track at 2119, with the price moving close to the lower track. In the short term, weak stabilization has appeared above 1893, but to confirm the rebound, it must first return to the middle track and EMA15; otherwise, it can only be viewed as a consolidation during the downward trend.
Short-term reference:
Move up from 1920 to 1880 encounters resistance, stop-loss at 30 points, target looks at 1980 to 2030
Move down from 2020 to 2060 stagnates, stop-loss at 30 points, target looks at 1980 to 1930
Specific operations should mainly rely on real-time market data. For more details, you can consult me. The article release has a delay, so it is advised for reference only, and risks are borne by yourself.
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