Cryptocurrency trading is a long-term plan; it is not about immediate results, so one should not be overly anxious. Even if there are short-term losses, there is nothing to fear. As long as the subsequent direction is chosen correctly, what has been lost will eventually return. However, it is important to grasp the timing of trades and the current market trends to improve the win rate. At the same time, investing is also a process of growth. Mr. Coin suggests that all cryptocurrency friends learn while trading, summarizing both gains and losses in a timely manner to deepen their understanding of risks and to plan a correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.
6.15 Mr. Coin's Analysis of Ethereum (ETH) Market Trends
Ethereum has also experienced a high and then a pullback during the day, entering a phase of consolidation with prices fluctuating around the 2500 level, with both bulls and bears in a stalemate. Currently, the oscillation pattern has not changed significantly and is expected to continue for some time, so our strategy is to go short at high points and long at low points.
From the short-term hourly chart, the Bollinger Bands are in a contracting posture, with the price operating below the middle line of the Bollinger Bands. Currently, upward momentum is beginning to weaken, and after a series of declines on the 4-hour chart, there has been a slight rebound, but the highs are gradually moving lower. After three consecutive bearish candles on the daily chart, a long lower shadow has formed (with a low of 2488). MACD: The 4-hour level DIF and DEA have continued to weaken after a death cross below the zero axis, but the green bars are beginning to shrink; on the daily level, after a high-level death cross, the fast line has crossed below the zero axis. EMA: The price rebound on the 4-hour chart is constrained by the EMA30 (2602), with EMA7 (2535) closely adhering to the price; the daily EMA120 (2372) provides long-term support. Overall, there are signs of a short-term bottoming out. Currently, the short-term trend is a slight consolidation, with resistance around 2600 and support around 2380 for long positions. Before the range is broken, one can appropriately seize a wave of range profits.
For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for access. The first ten daily followers can receive free exit strategies.
6.15 Short-term Reference for Ethereum:
Lower test entry points at 2625-2565, with a stop loss at 2800, and a target below 2530.
Upper test entry points at 2405-2475, with a stop loss of 30 points, and a target above 2530.
There may be delays in article delivery; strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in your market judgment, always set stop-loss and take-profit levels to secure your gains.
Mr. Coin's public account: For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for access. The first ten daily followers can receive free exit strategies.
For more real-time trades, you can follow my public account for online technical learning, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency space, and have studied extensively in the U.S. focusing on analyzing BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. For those who are unsure about trading, you are welcome to study and learn together.
Exclusive insights: There may be delays in article delivery; risks are to be borne by the reader. Manage your positions reasonably, and avoid heavy or full positions. Mr. Coin wishes all fans the ability to achieve financial freedom. Let's move forward together and keep pushing. In the depths of time, hold onto understanding. In investing, one must learn to be optimistic. Do not let your future self dislike your present self. We live authentically, but not every data revelation needs to be taken too seriously. Let the past be the past, and let the future come quickly! Take good care of yourself, prepare well, and be ready to set off at any time. Let's go!
—— This article is written by Mr. Coin, and we refuse to plagiarize; we respect originality!
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