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Crypto Academician: 2024.8.19 Ethereum (ETH) latest market analysis reference
As of 3:00 a.m. Beijing time before the publication, the weekly chart showed a rising flag bottoming out. We also waited for it to be below 2550 in the short term, so we decisively entered the market. The stop loss was 2480. We originally thought that it would fall back to around 2350, giving ourselves two chances to enter the market. There are still five hours before the weekly chart ends. Someone asked where the target is. This week's target is 2750, and there are also 2850 and 3000 positions to pocket in batches. Those who have not entered the market can wait for the next opportunity to enter the market.
The highest point of the daily K-line is 2690, the lowest is 2590, and the upper part is blocked by the EMA15 fast line pressure level of 2595. The three consecutive positive lines stretch, and the daily K-line has also come to the middle of the Bollinger Band. MACD has increased its volume, and the bottom divergence of DIF and DEA has stretched to form a golden cross. The general trend has room for a retracement, so do not enter the market casually until the key point.
After the four-hour K-line was blocked at 2630, it finally broke through and opened a long position, standing on the EMA60 trend line support. The Bollinger Bands showed signs of opening after shrinking. MACD continued to increase, and the golden cross of DIF and DEA spread to form polarization. In terms of thinking, long positions can continue to be held.
Short-term ideas for reference:
Buy in batches below 2500 to 2550, target 2650 to 2700, stop loss 40 points
Sell in batches from 2850 to 2880, target 2750 to 2650, stop loss 40 points
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!
