As a senior person in the crypto, I have been committed to providing useful suggestions to everyone, hoping that everyone will take fewer detours and make fewer wrong orders in this market. Although I have been earnestly advising you, you still need to explore the road of investment by yourself. Learning is endless, and the experience you have learned is the real wealth!
There is no need to over-demonstrate your strength. The key is to gain recognition from more people. On the road of investment, it is more important to do your best than to prove your strength to others. You will know whether it is a mule or a horse by taking it out for a walk.
I am an academician of the crypto and a warrior who has always been protecting the leeks. I wish my fans to achieve financial freedom in 2024. Let’s cheer together!
Crypto Academician: 2024.4.20 Ethereum (ETH) latest market analysis reference
The Ethereum market yesterday has been clearly stated in the article. The current price was over 2900 and the final price was 3075. I only made this one order in one day. The chips were too dense at the pressure level of 3130 yesterday. So I chose to wait and see with short positions. This wave of 175 points is enough for us.
Let's look at the market of Ethereum today. Currently, the current price of Ethereum is in the multiple layout between 3000 and 3030, with a stop loss of 2950 and a take profit of 3100. You can pay attention to it. As the shoes are released, the market basically returns to normal. This weekend, it is likely to go sideways to repair the early wounds. As of press time, the current price of Ethereum is around 3060. Although I am writing an article now, it does not affect the disclosure of the current price position and the bag point. Actual combat is more practical than bragging.
Yesterday, the K-line was a long-short wash, with the lowest price reaching around 2860 and the highest price reaching around 3130. The market was testing the top and bottom, and the closing price was 3055. Currently, it is almost hovering around yesterday's closing price, so a small extension is expected, and the conservative space is less than 100 points.
The EMA trend indicator begins to spread downward, indicating that there is strong resistance for bulls in the short term. The resistance point of 3130 is difficult to break in a short time. Then, short at the pressure point with conventional thinking. After all, the idle market is short sideways within the EMA trend indicator. KDJ is now starting to close and form a golden cross. MACD is shrinking and increasing. DIF and DEA over-shrinking indicators are beginning to shrink. The Bollinger Bands' medium-regular support points and pressure points are off track. The idle market is trading sideways between the middle track 3275 and the lower track 2870.
The four-hour KDJ did not form a golden cross but alternated downward. The two major indicators, one positive and one negative, MACD increased in volume and moved upward. The bottom divergence of DIF and DEA moved upward close to the 0 axis. The Bollinger Bands sideways K-line is currently at the exchange point near the middle track of 3045. Pay attention to the 3135 pressure zone above and the 2955 support point below. The overall trend operates within this small box.
Therefore, it is recommended to adopt the conventional idea of short long at support points:
The entry point for short is to focus on the upper range of 3100 to 3120, with the target reference range of 3080 and 3030, and the stop loss is 3140 (the volatility is not large, and the market will go sideways on weekends for swing trading)
For long entry, focus on the 3000 and 3030 range below, with the target reference range of 3070 and 3020, and stop loss at 2955 (if it falls below the support, you can exit with a small loss)
Regardless of whether you are long or short, you should operate back and forth within the box, with a stop loss. If the box breaks, remember to leave the empty position regardless of profit or loss, and stay rational. As long as the box is not broken, the above strategies can be used back and forth. 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 suggestion is for reference only at your own risk.
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!
