Cryptocurrency Academy: On November 14, the oversold rebound in the bearish trend of Ethereum (ETH), and why position and exit are more important than direction
This article aims to provide a structured review of the current situation of Ethereum. It focuses on the technical aspects, suitable for friends who want to clarify their thoughts for reference. Old Chen will first explain the current market background in plain language; then read the daily price, moving averages, MACD, and Bollinger Band data; provide two reference plans for both bullish and bearish positions, indicating their respective stop-loss and target levels; if you can have a clear judgment on "what trend it is now, where the critical positions are, and what to do if you are wrong" after reading, then this article is worth writing
The daily K-line TD structure shows a nine. The price has fallen below all EMAs, and the short, medium, and long-term moving averages are arranged bearishly. The MACD double lines continue to open downward below the zero axis. The Bollinger Band is diverging downward, with the middle track at 2218, the upper track at 2464, and the price has fallen below the lower track of 1972. Overall, the daily line is still in a clear downward trend, and the rebound has not reversed the structure, with the low point of 1893 being the most recent support line for bulls and bears
The four-hour K-line moving averages are still pressuring the price from above: EMA15 reports 1997, EMA30 reports 2052, EMA60 reports 2126, EMA90 reports 2175, EMA120 reports 2214, and the bearish arrangement remains unchanged. The MACD's downward momentum has weakened, but the double lines are still below the zero axis. The lower track of the Bollinger Band is at 1918, the middle track is at 2018, and the upper track is at 2119, with the price running close to the lower track. There has been weak stabilization above 1893 in the short term, but to confirm the rebound, it needs to stand back above the middle track and EMA15 area; otherwise, it can only be seen as a consolidation in the downtrend
Short-term reference:
Moving north from 1920 to 1880 meets resistance, stop-loss at 30 points, target at 1980 to 2030
Moving south from 2020 to 2060 experiences stagnation, stop-loss at 30 points, target at 1980 to 1930
Specific operations should rely primarily on real-time data from the market. For more details, you can consult the author. There may be a delay in article publication, so it is suggested for reference only and the risk is self-borne
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