Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be too hasty. Even if there are short-term losses, there is nothing to fear. As long as the subsequent direction is chosen correctly, what has been lost will eventually return. However, it is important to grasp the timing of trades and the current market trends to improve the win rate. At the same time, investing is also a process of growth. Mr. Coin suggests that all cryptocurrency friends should learn while trading, summarizing both profits and losses in a timely manner to deepen their understanding of risks and to plan the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.
6.17 Mr. Coin's Analysis Reference for Ethereum (ETH) Market
Ethereum's intraday trend remains strong in a bullish direction. It broke through the 2650 resistance in the morning, and the oscillation range has been surpassed, with the market starting to move upward. Currently, the high has reached above 2650, but it has tested multiple times without stabilizing, continuously breaking the double resistance mentioned yesterday.
The short-term 4-hour DIF (0.85) has crossed below the DEA (-13.47), with the histogram turning from positive to negative. The daily MACD (-38.88) continues to contract but has not formed a golden cross. RSI: The 4-hour RSI (50.12) has quickly retreated from the overbought zone (75.81), showing a neutral to bearish bias, while the daily RSI (52.85) remains neutral without significant divergence. EMA: The price has fallen below the 4-hour EMA7 (2604.73), testing the EMA30 (2592.18) support. The daily EMA7 (2594.24) and EMA30 (2528.74) maintain a bullish arrangement. Overall, the short-term bullish momentum is weakening. It is recommended to short at high prices and long at low prices, so the subsequent operation suggests maintaining a rebound short position. Support levels to watch are 2500 and 2460. If opportunities arise, consider entering long positions.
Mr. Coin's Message: The intraday market is gradually warming up, and the trend is breaking out upward. However, due to the impact of news yesterday, there was a strong rebound in the short term, which is still fresh in memory. This indicates that the market can sometimes be highly volatile. Everyone must set stop-loss and take-profit levels before entering the market to control risks reasonably.**
For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin in the Cryptocurrency Circle) to get the addition method: the first ten each day can receive free exit strategies.
6.17 Short-term Reference for Ethereum:
Lower test entry point 2645-2685, defend at 2800, stop loss: 50, target below 2550,
Upper test entry point 2505-2455, stop loss 30 points, target above 2550,
There may be delays in article sending, and strategy suggestions are for reference only. The market changes rapidly, and no matter how high your judgment of the market is, always set stop-loss and take-profit levels to secure profits.
Mr. Coin's public account: Mr. Coin in the Cryptocurrency Circle. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin in the Cryptocurrency Circle) to get the addition method: the first ten each day can receive free exit strategies.
For more real-time trading strategies, you can follow my public account for online technical learning, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency circle, and have studied in the U.S. multiple times, mainly analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are not familiar with trading, you are welcome to study and learn together.
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