The cryptocurrency trading is a long-term plan, not an overnight success, so there is no need to be too anxious. 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 pay attention to 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 the gains and losses in a timely manner, deepen their understanding of risks, and plan with the correct mindset in order to reasonably avoid risks and become a qualified investor.

9.16 Mr. Coin's Ethereum (ETH) Market Analysis Reference

The early morning market of Ethereum also broke through and fell, with the price dropping from the strong support of 2400 to 2300. Finally, it rebounded near 2351, and the current market is running around 2300. The short-term resistance above is focused on the 2380 level. If it cannot break through and stabilize, there is a possibility of the price falling below the 2300 level again. Due to the market not breaking through the 2480-2500 level, the downside space has been further opened, and the price has once again entered a wide-ranging oscillation pattern.

On the short-term hourly chart, the price shows multiple bearish candlesticks. Yesterday, the price showed a significant high-level oscillation above 2400, and then quickly fell below 2300, weakening the upward momentum. The rebound is only temporary, and if it cannot break through the 4-hour middle track suppression, the price is expected to decline. In the 4-hour MACD cycle, both the fast and slow lines are diverging downwards, and both DIF and DEA are negative, indicating that the current market is in a bearish trend. EMA7, EMA30, and EMA120 are all showing a downward trend, and the price is below all moving averages, further confirming the current bearish trend. EMA7 (2326.02) and EMA30 (2361.68) have a strong suppressing effect on the price, so it is not recommended to blindly chase after long positions. Caution is advised to prevent the market from falling back to the support level. It is recommended to focus on short positions for rebounds, and lightly try long positions at the support level during the pullback.

9.16 Ethereum Evening Short-term Reference: For more real-time single strategies, online technical learning, and unwinding, you can follow the mentor's official account (Mr. Coin) to obtain the method of adding: The first ten people every day can receive free unwinding strategies.

Short position: Short at 2400-2370, defend at 2500, stop loss at 2540, target below 2340.

Short position 2 (aggressive players can lightly short at 2310-2330 range), target and defense as above.

Long position focus on breaking through 2250, range 2180-2200-2230, stop loss 50 points, target above 2320.

9.16 Bitcoin Evening Short-term Reference: For more real-time single strategies, online technical learning, and unwinding, you can follow the mentor's official account (Mr. Coin) to obtain the method of adding: The first ten people every day can receive free unwinding strategies.

Long position, long at 58100-58600 range, defend at 57200, stop loss 300 points, target above 59500.

Long position, long at 57100-57400 range, target above 58500, stop loss 300 points.

Short position, short at 60200-60500 range, target below 59500, defend at 61500, stop loss 62000.

(Aggressive players can lightly short at 59500-59300 range).

There is a delay in the article delivery, 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 important to set stop-loss and take-profit levels. More real-time singles can be obtained by following the official account to learn about the market and unwinding. I have studied the market for many years, analyzed the major trends in the cryptocurrency market, and guided the analysis of BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other currencies. For those who do not know how to operate, you are welcome to study and learn together.

This article is exclusively written and shared by Mr. Coin, representing Mr. Coin's exclusive viewpoint. There is a delay in the article delivery, and the risk is self-borne. It is important to control the position reasonably, and avoid heavy or full positions. Mr. Coin hopes that all fans and friends can achieve financial freedom and progress together. In the depths of time, grasp an understanding, and 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, and be ready at any time. Let's go!

• This article is written by Mr. Coin, and plagiarism is rejected. Respect the original!

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