Hello everyone, I am Eleven. Today, let's talk about the recent market trends of Ethereum ETH!We see that the market this morning showed a clear accumulation stage, and the relevant data showed an upward trend
Hello everyone, I am Eleven. Today, let's talk about the recent market trends of Ethereum ETH!
We see that the market this morning showed a clear accumulation stage, and the relevant data showed an upward trend. XI believes that this to some extent indicates the upward trend of the market.
Looking at the figure below, we can use the relative strength index (RSI), moving weighted average (MWA), Williams fractal (fractal), and moving average convergence divergence (MACD) in the graph to determine the price pattern of (ETH) and determine its later trend.
The MACD line shows a golden cross upward, and the KDJ index forms a golden cross above the oversold area. XI believes that this also provides more support for this morning's rise.
ETH operation reference:
Multiple entries near 1795-1805, target 1830, break 1860
Based on the current situation, it is recommended that participants take a bullish view when the market rebounds to avoid unnecessary risks.
So stepping back and looking long is a common operational strategy, which refers to buying when the market falls and waiting for the market to rebound. Eleven believes that this method can help young friends seize opportunities and reduce risks in the volatile market.
The following points should be noted during specific operations:
During the retracement process, we need to pay attention to key support levels in order to make a decisive move when the market reaches support levels.
To avoid the risks associated with one-time participation, it is recommended that participants adopt a strategy of building warehouses in batches and gradually increase their positions.
In order to prevent the market from continuing to decline, participants can set several reasonable stopping positions to ensure timely stopping when the market fails to rebound and reduce losses.
The above analysis only represents personal opinions and does not represent any suggestions for participation.
There is a time difference between writing and publishing the article. Please view the real-time details reasonably.
If you have any questions, you can ask me directly. As long as you know about it on November 11th, you will definitely know everything without hesitation
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