Ethereum V-shaped Reversal丨Oscillation Intensifies丨Focus on Support Near 2030

11.16 Long Road Video Analysis: Click to Watch

On the 4-hour chart, it can be seen that after the first rebound near 2139, the market retraced, rebounded again near 2120, and formed a trend of M-top. After retracing to 1912 yesterday and rebounding, the establishment of the market retracing 5-wave model requires that the high point of the fourth wave rebound does not exceed the second wave. This may lead to the formation of the fifth wave decline, so it is necessary to pay attention to the support below 2000. Of course, this trend needs to be verified over several days, so everyone must be cautious about chasing long positions at the top. On the 1-hour chart, as the market rebounds, the MACD has been in a state of shrinking volume, forming a trend of divergence at the top. Other technical indicators also show a retracement trend. Today, Long Road suggests entering short positions on the rebound first, and entering long positions if the support below is not broken. Pay attention to the support near 2030 below.

Trading Suggestions: For more strategies, follow Long Road on Weibo @Long Road Finance

Reminder: The strategy is for reference only. Trade with good stop-loss and take-profit measures. Set take-profit targets and trailing stop losses to protect profits and avoid giving back too much profit.

The cryptocurrency trading market is always in full swing. It is everyone's common wish to seize the opportunity and get a share. Please believe that "the only thing missing between you and financial freedom is a long road." With the guidance of Long Road, you will definitely achieve your cryptocurrency wealth dream faster and more steadily.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。