Zhang Lihui, edited at 2:05 AM Beijing time on October 29: Today's Ethereum (ETH) market analysis and trading suggestions:
The 4-hour Bollinger Bands for Ethereum are narrowing downwards, with the upper band pressing below the MA300 and yesterday's high, which can serve as today's rebound high point. During the day, the market retraced to the lower band, forming a rebound to the current middle band position. The MACD shows a contraction in volume below the 0 axis, with the fast and slow lines experiencing a dead cross, and the downward movement is slowing down and showing signs of contraction. The KDJ and RSI three lines are turning upwards again, indicating that the bullish space for the rebound is not yet exhausted. Lihui suggests that if the second rebound at the MA300 and upper band position does not break, one can short; continue to look for support at the lower band and the dual support of EMA30 and EMA120 for long positions!
On the daily chart, the K-line is just at the MA60 resistance, and after four consecutive bullish candles, it has formed a bearish candle for the first time. We will see if today’s close can break 4253; if it does not break, then this round of rebound is basically at its peak. The KDJ is also reaching overbought territory and turning down. If yesterday's low cannot be held, we can look at the key support of the daily middle band and EMA30! Although there is currently a rebound momentum, be cautious of the risk of chasing long positions; the strategy remains not to look back or chase. Those who chased long positions last time must have felt quite uncomfortable!
Today's suggested short position for Ethereum: Light short above 4200, with a stop loss above 4280; target 4140-4070; if it breaks 4060, you can continue to hold until around 4100! Specific entry opportunities for short positions can be followed through Lihui's real-time updates!
Today's suggested long position for Ethereum: Light long below 4030, with a stop loss below 3950; target 4090-4140-4200, if it breaks 4230-4355, you can continue to hold!
The article review and push have delays, and the market changes rapidly. Specific entry opportunities must be combined with real-time operations, and real-time notifications should be the standard. The suggested points in the article are for reference only; do not operate with heavy positions. Please ensure to set take profit and stop loss when entering, and take profits when favorable!
I, Lihui, interpret world economic news and analyze global cryptocurrency trends. 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 not familiar with trading, feel free to comment and leave messages! This article is exclusively published by (public account: Zhang Lihui) for reference only, and the risk is borne by the reader. May we remain humble and brave in the complex cryptocurrency world, 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 baptism, staying true to your original intention. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and jointly compose a brilliant future, sharing the joy of success. Let us work hand in hand to create brilliance in this investment journey filled with challenges and opportunities!
Warm reminder: The above content is solely created by the author on the public account. The advertisements at the end of the article and in the comment section are unrelated to the author. Please discern carefully, and thank you for reading!
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
