- Title: AICoin Analysis and Operation Suggestions for Ethereum on May 10th
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Yesterday, Ethereum's short position above 3010 once again gained interval profits, achieving 5 consecutive wins after the holiday. Although the space for this position is not very large, it is relatively stable. Because yesterday I also mentioned that there were 4 consecutive positive days during the holiday, followed by 4 consecutive negative days after the holiday, so we need to be more cautious with our short positions, as the market could change at any time!
Sure enough, after breaking the trend level, there was a retracement to the bottom support, and then the market rebounded, which is consistent with Li Hui's expected train of thought! So after this breakthrough, the market has shown a bullish reversal, and we need to adopt a strategy of setting up positions during the retracement. Once again, it is emphasized that only by following the trend and strictly controlling the position can we achieve long-term stable returns in the coin circle!
Analysis and Operation Suggestions for Ethereum on May 10th:
On the 1-hour chart, Ethereum's coin price has clearly shown a one-way downward rebound breaking the trend line phenomenon. The coin price formed double bottom support near 2950, and the market is in a oscillating upward trend. Currently, the coin price is intentionally forming a retracement after reaching 3028, which is also a repeated test of the bullish space signal. Looking at the KDJ value, it indicates a positive market buying phenomenon, but the J value may form a top turning point after reaching 100, which is a normal retracement. In the MACD, there is continuous volume above, and the gap between DIF and DEA is widening upwards from the negative value state to above the 0 axis. In the EMA indicator, the coin price quickly retraced to near the EMA60 after crossing the EMA80 moving average line, and the EMA10 has crossed above the EMA30, while the EMA15 is also approaching the EMA30 from below, about to converge to form a triple bottom support. Therefore, this is also a short-term manifestation of a bullish signal!
On the 4-hour chart, the coin price has just reached the EMA15 moving average line, and the bottom turning of EMA7 and EMA10 below is about to converge, which is a key support level. Another point worth noting is the comparison with the previous dense moving average forming a U-shaped space. Although this U-shape has only gone halfway, it is obvious that the downside space is basically complete. The KDJ indicator shows a three-line crossover spreading upwards, and the MACD has started to have volume above the 0 axis, with DIF and DEA intentionally forming a golden cross in the negative value state. It is crucial to see if there can be successful volume above in the next 4 hours, and the formation of the golden cross is particularly crucial. Once formed, the bullish space will open up again, and the market will once again undergo a bullish-to-bearish transformation, so boldly entering the market with a low long position is feasible!
It is recommended to pay attention to the long position between 3005-2975 without breaking, with a stop loss at 2945; take profit at 3045, and breaking through 3050 can be held until 3080-3110-3150; the entry point for short positions needs to be adjusted based on changes in the market data!
Article reviews have a delay, and the market is constantly changing. For more real-time signals, please follow the public account under my name. When entering the market, please strictly set stop loss and take profit, and take profits when the opportunity arises!
I, Li Hui, interpret world economic news, analyze the global trend of the coin circle, and have in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other currencies during my study and further education in the United States. For those who are not familiar with operations, you are welcome to comment and leave a message!
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This article is exclusively published by (WeChat public account: Zhang Li Hui) and does not represent any official position. The release and review of the article have a time delay, and the above points are for reference only. All risks are at your own discretion! May we always carry humility and courage in this complex and chaotic coin circle, fear no challenges, and dare to explore. Just as the road ahead is long, "the road ahead is long and far-reaching, I will seek and explore from top to bottom." May we read thousands of books, keep pace with the times, and draw wisdom. Travel thousands of miles, experience storms, witness the scenery, and understand life. May you, under the guidance of Li Hui, heed advice, play to your strengths, and create value together. May we always remember the baptism of the market, not forget our original intentions, and thus achieve continuity. In the wave of digital currency, holding firm to our beliefs with Li Hui, forging ahead with determination. May we jointly compose the future in each other's hands, and share the joy of success. Let us gather in the turbulent world of digital currency, make the most of our time, and create brilliance together. Li Hui is willing to embark on this challenging and opportunistic investment journey with you.
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