The cryptocurrency trading is a long-term plan, not a matter of overnight success, so there should be no haste. Even if there is a short-term loss, there is nothing to fear as long as the subsequent direction is chosen correctly. The lost will eventually return. However, it is important to grasp the timing of trading and the current market trends in order to increase the winning rate. At the same time, investment is a process of growth. Mr. Coin suggests that everyone should learn while operating, summarize in a timely manner regardless of profit or loss, deepen their understanding of risks, and plan with the correct mindset in order to reasonably avoid risks and become a qualified investor.
7.31 Mr. Coin's Analysis Reference for Ethereum (ETH) Market:
Ethereum rebounded from the intraday low of 3233 and is currently trading near 3290, breaking through the short-term resistance above. The intraday trend continues to show a small range of oscillating adjustments. There hasn't been much change at the daily level, with the price relying on the MA5 moving average for small oscillating movements. The MACD and KDJ indicators show a slight rebound sentiment towards the bullish side. As the price fails to effectively break below the MA5 moving average on the downside, the short-term trend still favors long positions.
On the 4-hour chart, the price of the coin is running above the middle track of the BOLL band, with the MACD indicator showing a slight bullish trend with shrinking volume, and the KDJ three lines tending to be flat and divergent. However, the continuous upward trend of the MA30 moving average also gives confidence to the bullish trend. Combining the hourly chart, the current Ethereum tends to have a small range of oscillating upward trend. The strategy remains focused on rebounding for short positions, with long positions on pullbacks as a secondary consideration.
Short-term Reference: For more real-time single strategies, online technical learning, and unwinding, etc., you can follow the mentor's official account (Mr. Coin) to obtain the method of adding: The first ten people every day can get free unwinding strategies.
- Short positions focus on light positions between 3310-3340, stop loss at 3390, target near 3200.
- Long positions between 3150-3180, defend at 3080, target above 3230.
The article is subject to delay in transmission, and the strategy suggestions are for reference only. The market changes rapidly, so no matter how high the judgment of the market is, it is essential to set stop-loss and take-profit levels. More real-time singles can be obtained by following the official account under the author's name, where you can also learn about technical analysis of the market and unwinding. The author has studied the market for many years, analyzed the major trends in the cryptocurrency market, and has repeatedly studied and guided BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are not familiar with trading, you are welcome to study and learn together.
This article is exclusively written and shared by Mr. Coin, representing Mr. Coin's exclusive viewpoint. The transmission of the article is subject to delay, and the risk is self-borne. It is important to control the position reasonably, avoid heavy or full positions, and Mr. Coin hopes that all fans and friends can achieve financial freedom together and move forward together. In the depths of time, hold a sense of understanding. In investment, one must learn to be optimistic. Do not let the future you dislike the present self. We live in reality, but not every piece of data needs to be taken seriously. Let the past go, and let the future come faster! Rest well, prepare yourself at any time, and cheer up!
- This article is written by Mr. Coin in the cryptocurrency circle, refusing to plagiarize, and respecting originality!
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