Li Shengtian: Ethereum Evening Market Analysis and Trading Ideas on November 21

CN
李聖庭
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2 hours ago

From the daily technical indicators of Ethereum, today's KDJ, MACD, and BOLL indicators are all in a bearish resonance phase. The three-day MA moving averages continue to exert significant downward pressure. Currently, the price of Ethereum is stabilizing at the lower boundary, and the first support level at the bottom has also been effectively broken. It is highly likely that Ethereum will continue to decline with increased volume. Considering the current low price level, it is advisable to take short positions in batches during rebounds at higher levels for more stability.

From the 4-hour technical indicators, the KDJ and MACD indicators show a dead cross moving downward, with the MACD indicator continuing to move towards the lower boundary. The three-day MA moving averages are arranged in a bearish formation, and there are signs of accelerated downward movement. Therefore, it appears that there will be some rebound in the price this evening and early morning, but the strength of the rebound will not be significant. It is still recommended to adopt a high short strategy.

Finally, I personally expect that the short-term price of Ethereum will continue to show a fluctuating downward trend today. There is a probability of a short-term rebound, but the strength will not be strong. Overall, the downward structure will continue to advance throughout the day. This is the analysis for now, and I will update with the weekly K on Monday.

The above is my personal evening market analysis for reference only. Specific points and directional changes should be based on real-time guidance.

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