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Crypto Academician: 2024.5.22 Ethereum (ETH) latest market analysis reference
Yesterday, I arranged to go short at 3220, and set a stop loss at 3250. After leaving the market, I have been waiting for a pullback. I will not make a trade if the trend does not pull back. This is the principle of trading. Some habits must be developed and persisted in order to go further. Fast is slow and slow is fast. The more you rush for quick success, the less likely you will get the results you want. Instead, you should slow down all the pace and lower your desires. Only then may you get the results you want. In contrast, this is the fastest way, isn’t it? As long as you set a good stop loss point, it is okay to exit with a small loss even if the trend reverses. At least we are still in this market.
As of 2:00 a.m. before press time, the current price of Ethereum is around 3740, and the daily K-line has reached a high of 2845. It has fallen from 3050 to 2845 for two consecutive days. Such market conditions are rare in history. The EMA trend indicator has begun to rise, and the fast line EMA15 is still exerting its strength. It is expected that it will take a few days to provide a new support point for the K-line. MACD continues to increase in volume, DIF and DEA form a polarization, and the K-line broke the upper track after the Bollinger Band opened. KDJ was blocked at 2850 and fell back by more than 100 points. The overall idea is that it is sideways at a high level.
It is not known whether the four-hour K-line is a vacuum or a trap. MACD began to move downward with large volume. After the Bollinger Band opened, the K-line also fell below the upper track and returned to the Bollinger Channel, while the middle track was supported at 3300. The space is too large and the risk is too great. KDJ was blocked at 2850 and began to fall back and close, but the closing position was indeed at a high level. It is very difficult for small investors to enter the market with this trend. The EAM trend indicator has been strongly stretched and spread upward alternately since it broke through 3150. The EMA15 fast line also broke 3460 and is expected to reach around 3600 or even higher within the day. In terms of thinking, no callback will be made, and no order will be made unless it hits the historical highest point.
The specific operation ideas are as follows:
The entry point for short is between 4040 and 4070, with a stop loss of 4100. The first exit point is between 2950 and 2900, and the second exit point is between 2850 and 2800.
The entry point for long positions is between 3650 and 3600, with a stop loss of 40 pips. The exit point is between 3800 and 3850, and the second exit point is between 3950 and 4000.
The specific operation is based on the real-time data of the market. For more information and details, please contact the author. There is a delay in the release of the article. The suggestions are for reference only and the risks are borne by the user.
This article is exclusively contributed by the academician of the crypto, and only represents the exclusive views of the academician. There are in-depth studies on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the time of article push, the above views and suggestions are not real-time, for reference only, at your own risk, please indicate the source for reprinting, and reasonably control the position when making orders, and do not operate with heavy or full positions. The academician also hopes that all investors understand that the market is always right. If you are wrong, you should summarize your own problems and don't let the profits that should have been obtained fly away. There is no need to be smarter than the market in investment. When the trend comes, respond to it and follow it; when there is no trend, observe it and be quiet. It is not too late to wait for the trend to finally become clear before taking action. Tomorrow's success comes from today's choice. God rewards diligence, earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards heart. Gains and losses are inadvertent. Develop the habit of strictly taking stop loss and stop profit for each order. The academician of the crypto wishes you a happy investment!
