Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be too hasty. 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 advises all cryptocurrency friends to learn while trading, summarizing both profits and losses in a timely manner, deepening the understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

10.19 Ethereum (ETH) Market Analysis Reference

Ethereum has maintained a small range of fluctuations during the day, with weak upward momentum. In the short term, since the trend has not broken downwards, both bulls and bears are gradually becoming entangled, and the price is running relatively smoothly, currently hovering around the 3880 level. It is expected that the oscillating market will continue for a while, so our strategy is to go short at high points and long at low points.

On the 4-hour level, a double bottom structure has recently formed, with lows at 3855.7 and 3819.07. The current price has pulled back after breaking the 3900 neckline. On the daily level, after hitting a low of 3674.5 on October 17, a long lower shadow was formed, indicating strong support around 3700. From the MACD perspective, the 4-hour level DIF and DEA have formed a golden cross below the zero axis, and the histogram has turned from negative to positive, indicating that short-term rebound momentum is strengthening. However, the daily MACD is still below the zero axis, but the green histogram has contracted, indicating that the downward momentum is weakening. In terms of EMA, the current price is constrained by EMA30 (3934) on the 4-hour level, with short-term support at EMA7 (3884); resistance above is focused around 3930, and support below is around 3760.

10.19 Ethereum Short-term Reference:

Short at 3980-3930, stop loss 30 points, target below 3880,

Long at 3661-3731, stop loss 30 points, target above 3780,

There may be delays in article transmission, and strategy suggestions are for reference only. The market changes rapidly, and regardless of how high the judgment of the market is, stop-loss and take-profit must be well managed. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for addition methods: the first ten each day can receive free exit strategies.

For more real-time trades daily, you can follow my public account for online market 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., mainly analyzing and guiding 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.

Exclusive views, there may be delays in article transmission, risks are self-borne, manage positions reasonably, and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together and cheer each other on. In the depths of time, hold onto understanding lightly. 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, sharpen your skills, and be ready to set off at any time. Let's go!

—— This article is written by Mr. Coin from the cryptocurrency circle, refusing to plagiarize and respecting originality!

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