Zhang Lihui, edited at 1:11 AM Beijing time on April 29: Ethereum Market Analysis and Trading Suggestions
Yesterday, Ethereum experienced a rebound after the morning close, and during the day it rose again above the opening position of 1820 given in Lihui's article. Many cryptocurrency enthusiasts might feel scared about this surge, thinking that the bulls must be strong. Lihui has always emphasized not to chase the long positions, but rather to calmly set up short positions. I hope everyone is not trapped! Lihui has also mentioned multiple times that shorting near previous high positions during a rebound is very profitable, and today is no exception!
The 1-hour candlestick chart shows another pullback to around the 1750 position in the evening. From the fast and slow lines, a death cross is forming at the 0 axis, continuing to expand downwards. Below the 0 axis, the volume is also increasing, indicating that the bears intend to continue. Considering Ethereum's normal volatility range, this position happens to be the low point from yesterday morning and also a parallel support level. Therefore, Lihui chooses to take profits at this position and continues to wait for shorting opportunities during the rebound! If there is a second dip to the parallel support level, it can continue to look down towards the EMA300 and the 1700 level!
The 4-hour Bollinger Bands channel has evolved from a parallel channel the previous evening to a downward opening. The upper band has not expanded upwards, indicating that Lihui's bearish outlook has been consistent. The current candlestick continues to move down towards the EMA180 position. After breaking through, it will continue to look down at the EMA60, EMA80, and EMA120 support levels mentioned by Lihui yesterday. Further down is the MA120 position; the fast and slow lines are still in a death cross, continuing to approach the 0 axis level, with increasing volume below the 0 axis, indicating that the bearish momentum is not yet over. This is also the reason Lihui has consistently emphasized shorting!
Suggested short entry point: above 1810, stop loss at 1857, target 1760-1720. If it breaks below 1715-1700, it can continue to hold until around 1650. During the day, entry opportunities can also be adjusted based on the strength of the market rebound. A weak rebound may not provide an opportunity to short at 1810!
Caution is still needed for long positions; it is advisable to wait for a deep pullback before entering. Specific trading opportunities can be found in Lihui's real-time updates!
There may be delays in article review and push notifications; market conditions change rapidly. Specific entry opportunities must be combined with real-time operations, and the article's suggested points are for reference only. Do not operate with heavy positions; please set take profit and stop loss levels when entering, and take profits when favorable! The article is not easy to produce, shared for free with fans. Thank you for your likes and support in sharing!
I, Lihui, interpret world economic news and analyze global cryptocurrency trends. During my studies in the U.S., I conducted in-depth research on cryptocurrencies such as BTC, ETH, LTC, DOT, EOS, BNB, and SOL. For those who are not familiar with trading, feel free to leave comments!
Scan the QR code below to follow the author for more daily real-time contract operation information!
This article is exclusively published by (WeChat Official Account: Zhang Lihui) and does not represent any official position. There may be delays in article publication and review; the above points are for reference only, and risks are borne by the reader! May we always carry humility and courage in this complex cryptocurrency world, unafraid of challenges and daring to explore. Just as one travels thousands of miles, "The road is long and has no end; I will search up and down." May we read thousands of books, keep pace with the times, and draw from the fountain of wisdom. Travel thousands of miles, experience storms, witness scenery, and gain insights into life. May you, under Lihui's guidance, receive advice and create value together. May we always remember the baptism of the market, stay true to our original intentions, and achieve our goals. In this wave of digital currency, let us hold onto our beliefs with Lihui, remain resilient, and forge ahead. May we, hand in hand, compose a brilliant future and share the joy of success. Let us gather in the dynamic world of digital currency, not waste our youth, and create brilliance together. Lihui wishes to embark on this investment journey filled with challenges and opportunities with you.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
