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 advises all cryptocurrency friends to learn while trading, summarizing both gains and losses in a timely manner, deepening their understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

11.21 Ethereum Market Analysis Reference

Ethereum faced resistance around 3060 during the intraday rebound, and the subsequent rebound strength was weak. Coupled with the proximity to the mid-axis resistance, the trend weakened as expected, breaking below the short-term support of 3000 and moving downward again. As of the time of writing, it has dropped below 2800, with an overall weak trend, and the upper resistance is slowly moving down. If it cannot break and stabilize above 3000 in the future, there is a possibility of further declines.

The daily K-line has seen consecutive large bearish candles with increased volume. On November 20, after a long lower shadow tested the bottom at 2790, there was a slight rebound, forming a single needle bottom structure. The EMA7 and EMA30 on the weekly level confirmed a death cross, and the current price of 2806 has fallen below all monthly moving averages (EMA7/30/120), indicating a mid-term bearish dominance. MACD: The daily DIF (-238) and DEA (-207) are accelerating downward, with the histogram expanding to -62, indicating strong bearish momentum; the hourly MACD has a golden cross below the zero axis but has not broken the downward trend line. EMA: The price is below EMA7 (3055)/EMA30 (3460)/EMA120 (3722) in a bearish arrangement, with the hourly EMA30 (2975) becoming the recent resistance level. Therefore, our strategy remains primarily bearish. The upper resistance to watch is in the range of 2960-3300.

11.21 Ethereum Short-term Strategy Reference:

Short at 3015-3075 with a stop loss of 30 points, targeting below 2980.

Long at 2781-2711 with a stop loss of 30 points, targeting above 2860 (holding a long position at 2887).

There may be a delay in the article's release; the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgments, it is essential to manage take-profit and stop-loss levels properly. Secure your profits. For more real-time trading strategies and online technical learning, as well as ways to exit positions, you can follow the mentor's public account (Mr. Coin Discusses Currency) to get the addition method: the first ten each day can receive free strategies for exiting positions.

For more real-time trades, you can follow the public account (Mr. Coin Discusses Currency) to access online market technical learning, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency space, and have studied extensively in the U.S. to primarily analyze and guide BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are unsure about trading, you are welcome to study and learn together.

Exclusive views, the article may have delays in release, risks are self-borne, manage your positions reasonably, and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together and cheer each other on. In the depths of time, hold onto understanding. In investing, one must learn to be optimistic. Do not let your future self dislike your present self. We live authentically, but not every data revelation needs to be taken too seriously. Let the past be the past, and let the future come quickly! Take good care of yourself, sharpen your skills, and be ready to set off at any time. Let's go!

—— This article is written by Mr. Coin from the cryptocurrency circle, refusing plagiarism and respecting originality!

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