Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be overly anxious. Even if there are short-term losses, there is nothing to fear. As long as the subsequent direction is chosen correctly, what has been lost will eventually return. However, it is important to grasp the timing of trades and the current market trends to improve the win rate. At the same time, investing is also a process of growth. Mr. Coin advises all cryptocurrency friends to learn while trading, summarizing both gains and losses in a timely manner, deepening the understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

Mr. Coin's Cryptocurrency Market Analysis Reference for Ethereum (ETH) on 8.18

Although Ethereum broke out yesterday, it did not surpass the resistance level of 4600. The bullish momentum has begun to weaken, and the price is testing the strength of support. Currently, the support area of 4400-4380 has not been broken, and the price has started to retrace the gains from yesterday, approaching the low near 4420. The short-term trend remains in a consolidation pattern. The key focus is on the support at 4380, with a risk of retracing to this level today. I hope all cryptocurrency friends are prepared in advance.

Looking at the short-term hourly chart, the Bollinger Bands are opening up, and the price is near the mid-band support during the retracement. Currently, it is maintaining a weak oscillation but has not broken down again. The trend is entering a downward oscillation, with a possibility of a short-term rebound. Therefore, our strategy is to focus on short positions during rebounds and to make trades during retracements. The upper resistance to watch is in the 4560-4580 area, while the lower support is near the 4350-4389 area.

Short-term Reference for Ethereum on 8.18:

Short position entry point in the 4550-4610 range, with a stop loss at 4750, and a target below 4450.

Long position entry point in the 4365-4300 range, with a stop loss at 3100, and a target above 4450.

There may be a delay in sending this article, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgments, it is essential to manage take-profit and stop-loss levels properly. For more real-time trading strategies and online technical learning, as well as ways to exit positions, you can follow the public account of the mentor (Mr. Coin). The first ten people each day can receive free strategies for exiting positions.

For more real-time trades, you can follow my public account for online technical learning and exit strategies. I have researched the market for many years, studying the major trends in the cryptocurrency space, and have studied extensively in the U.S. to analyze and guide BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. I welcome all cryptocurrency friends who are unsure about trading to study and learn together.

This article is exclusively written and shared by Mr. Coin, representing his unique perspective. There may be a delay in sending the article, and risks are to be borne by the reader. Please manage your positions reasonably and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together, and to keep striving. In the depths of time, hold onto understanding. In investing, one must learn to be optimistic. Do not let your future self dislike your present self. We live authentically, but not every data revelation needs to be taken too seriously. Let the past be the past, and let the future come quickly! Take good care of yourself, prepare well, and be ready to set off at any time. Let's go!

—— This article is written by Mr. Coin, no plagiarism allowed, respect originality!

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