Zhang Lihui, edited at 2:38 AM Beijing time on October 21: Today's Ethereum (ETH) market analysis and trading suggestions:
The 1-hour Bollinger Bands for Ethereum are turning downwards. Yesterday, Lihui accurately positioned a high short at 4060 and took profits. This week is another perfect start. The current candlestick is close to the MA120 and is again in a consolidation phase. The KDJ and RSI are nearing the oversold zone, indicating a potential reversal. Be cautious of short-term false signals! The MACD shows a slowdown in volume below the 0 axis, with the fast and slow lines forming a death cross near the 0 axis!
The 4-hour Bollinger Bands are narrowing, with the upper band pressing down below yesterday's high, but the lower band is continuing to rise, approaching 3900. The MACD shows a decrease in volume near the 0 axis, with the fast and slow lines forming a golden cross for the first time as they narrow. Caution is advised as a death cross may form. The KDJ is crossing downwards at a high level, and the RSI's three lines are crossing below 50, indicating that the bearish trend is not yet over! The upper levels should continue to monitor the EMA80 and the upper band area; if broken, it may signal a bearish entry!
On the daily chart, the price has not yet stabilized at the middle band, facing pressure from the EMA80 and the overlapping EMA30 and EMA60. Below the 0 axis, the volume is also decreasing. The KDJ and RSI show weak rebounds, and it seems difficult for the fast and slow lines to narrow and form a golden cross! Lihui suggests maintaining high short positions after a short-term rebound!
Today's suggested short entry point for Ethereum: Light short above 4050, stop loss above 4110; target 3980-3920; if broken, hold positions at 3900-3880! Specific entry opportunities for short positions can be followed with real-time updates from Lihui!
Today's suggested long entry point for Ethereum: Light long below 3880, stop loss below 3820; target 3950-4050, if broken, hold positions near 4080-4110 and continue to hold around 4160;
There may be delays in article review and push notifications; the market changes rapidly. Specific entry opportunities must be combined with real-time operations, and notifications should be prioritized. The suggested entry points in the article are for reference only; do not operate with heavy positions. Please ensure to set take profit and stop loss levels, and take profits when favorable!
I, Lihui, interpret global economic news and analyze major trends in the cryptocurrency market. During my studies in the U.S., I conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other cryptocurrencies. For those who are unsure about trading, feel free to comment and leave messages! This article is exclusively published by (public account: Zhang Lihui) for reference only; risks are to be borne by the reader. May we remain humble and brave in the complex cryptocurrency market, unafraid of challenges and willing to explore. As the saying goes, "The road ahead is long and has no ending; yet high and low I'll search with my will unbending." I hope we keep pace with the times, absorb wisdom, travel thousands of miles, weather storms, and gain insights into life.
May you, under Lihui's guidance, leverage your strengths and avoid weaknesses, create value, and remember the market's trials, staying true to your original intentions. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and together compose a brilliant future, sharing the joy of success. Let us join hands and move forward in this investment journey filled with challenges and opportunities, creating brilliance together!
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