Li Ying in the Crypto Circle: Victory in Following the Trend on November 10! The Li Ying Philosophy Once Again Validates the Rise of Ethereum! Latest Market Analysis

Article Published on November 10, 2024 — 08:20 AM

Ethereum reached a high of 3124 yesterday, breaking through the pressure level of 3000, which was a key resistance point, and even surpassed the psychological barrier of 3150, peaking at 3160. Ethereum is working to restore its image. If this round of the bull market does not catch up, there is a high probability that most players will abandon it. Therefore, the continuous breaking of previous highs will continue to occur, which is a normal phenomenon and should not cause alarm. Recently, as long as one enters the market on a pullback to support, they can generally benefit from this wave of catch-up gains, further validating that Li Ying's philosophy of following the trend is correct.

Looking at the price trend, the current K-line pattern on the market shows a very clear upward trend. From 2722 to 3120 within a 4-hour cycle, multiple bullish candles indicate strong buying power, with highs continuously rising. In the technical indicators for the 4-hour cycle, the MACD histogram remains positive, and the DIF line has crossed above the DEA line and continues to diverge upwards, indicating that the current market is in a bullish trend. This shows that Li Ying's consistent low-buy strategy is sound.

The Relative Strength Index (RSI14) is currently at 85.40, in the overbought range, but there are no signs of a pullback yet, so caution is needed for possible short-term adjustments. The trend indicator EMA moving average system shows a bullish arrangement for 7, 30, and 120, with prices consistently running above EMA7, indicating strong upward trend support. The increase in trading volume accompanying the price rise shows active capital inflow. Overall, Li Ying's approach remains focused on low buying, following the trend for a more stable strategy.

Short-term Strategy Reference:

• Long entry at 3050, stop loss at 3000, take profit at 3150.
• Short entry at 3200, stop loss at 3250, take profit at 3050.

The above is a brief analysis by Li Ying regarding the current market situation for investors' reference. Over the past ten years, Li Ying has continuously explored and experienced hundreds of different digital assets. Throughout this process, Li Ying has witnessed the brilliance of bull markets and the gloom of bear markets, accumulating countless valuable experiences and profound lessons along the way. As a female trader striving in this challenging field, Li Ying feels a responsibility to share her insights, hoping to assist others with dreams in finding their place in this unpredictable market and embarking on their own journey to success.

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