The essence of trading is survival, and only then comes profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to develop a trading mindset that belongs to you, continuously optimizing and improving it. Although the suggestions from the crypto circle academicians may not make you rich overnight, they can help you persist. Only those who survive in the crypto space for the long term and stick it out until the end can achieve the results they desire. I hope you understand.
I am a warrior in the crypto circle, always protecting the retail investors. I wish my followers financial freedom in 2024. Let's work hard together!
Crypto Circle Academician: 2024.9.30 Ethereum (ETH) Latest Market Analysis Reference
The current price of Ethereum is 2630. It is now noon Beijing time. After the price dropped below 2600 from over 2610 yesterday, I exited without holding, as the market was indeed frightening. Safety first, I took a small loss. It wasn't until after the daily close at 8 AM today that I chose to enter a long position around 8:20. You can follow me for the specific entry points to see the details.
Let's take a look at the current market trend. The daily K-line has retraced to the EMA15 support point at 2585, and the trend line support is effective. The overall trend of the EMA is showing a contraction, leaning towards bullish. The MACD volume is decreasing, and the DIF and DEA are starting to break through the energy indicators. The upper Bollinger Band pressure level has continued to rise to 2800. The KDJ is expanding downwards into the oversold reversal zone, indicating that the 2600 support is effective, so holding at 2595 is not urgent.
Now let's look at the four-hour K-line. There have been three consecutive bullish candles, and the bullish trend is gaining momentum. The EMA15 and 30 intersection point at 2635 has strong resistance. Once broken, the pressure will turn into support, continuing the bullish trend. The MACD is decreasing in volume, and the DIF and DEA are contracting below the zero axis, forming a golden cross trend. The lower support is confirmed at 2590, and we are starting to challenge the resistance level at 2650. As long as it breaks, the bullish trend will directly look at the previous high. The KDJ has started to expand upwards, and the overall trend continues to maintain a bullish mindset. For those who missed the opportunity to enter, wait for the next chance.
Short-term reference: Hold long at 2595, safety first. Remember, the market is never 100% certain, so always set stop-losses. The goal is to take small losses for big gains.
For the lower range of 2590 to 2610, target 2650 to 2700, with a stop-loss of 50 points.
For the upper range of 2800 to 2830, target 2750 to 2700, with a stop-loss of 50 points.
Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication, and the suggestions are for reference only; risks are borne by you.
This article is exclusively provided by the Crypto Circle Academician and represents the unique views of the Academician. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above views and suggestions may not be real-time and are for reference only; risks are borne by you. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The Academician also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on where the problem lies. Do not let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond to it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop-losses and take-profits for each trade. The Crypto Circle Academician wishes you happy investing!
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