Don't forget that the darkest moment is often the moment before dawn. On the road to pursuing your dreams, you are never alone, you still have me. I am a crypto academician, a warrior who has been protecting leeks. I wish my fans to achieve financial freedom in 2024. Come on!
Crypto Academician: 2024.8.23 Ethereum (ETH) latest market analysis reference
Ethereum has deviated from the trend of BTC. If it does not make up for the rise at the end of the month, the subsequent market share will become less and less. Now the chips are basically flowing to BTC. It can be seen that from the 16th to today, the lowest to the highest point is less than 200 points. As of press time, the current price of Ethereum is 2640, and the current profit margin is only 110 points, which is completely below expectations. The market has basically been sideways in this range for more than half a month.
At present, the balance point of Ethereum is between 2600 and 2630. Before the release of this article, the current price of Ethereum is 2635. The bullish energy indicator has begun to appear in the daily K-line cycle. Now we can only grit our teeth and hold on. The four-hour short-term market is shrinking. The current resistance point at the top of the box is 2675. At present, we are focusing on whether the first pressure level can be broken. If it breaks, the bulls will continue to hold. If it does not break, they can only leave the market.
Short-term thinking reference: On the 16th, I held more than 2530, and on the 19th, I entered the market at more than 2600 and held it again. I covered the position once at 2550, and the stop loss was 2500. The target is to see whether the resistance points of 2675 to 2695 can be effectively broken through. If it does not break, I will leave the market. If it breaks, I will continue to hold the target and leave the market at 2850.
Ultra-short thinking reference:
Short in batches from 2820 to 2835, stop loss 40 points, target 2700 to 2600 to exit
Short above 2675, stop loss 20 points, take profit 2600 points, (effective until stop loss exits)
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!
