目前K线形态在14日出现大幅上涨，形成长Coin Circle Liying: Overbought warning at 10.15! Will Ethereum face a retracement test soon? Latest market analysis.
Article publication time 2024.10.15 - 09:00.
Ethereum's current price hovers around 2630, yesterday's article mentioned the ascending flag pattern, indicating a bullish trend. However, the recent surge has caught many off guard, directly breaking through 2520 to 2650, exceeding all expectations. Wait for a pullback or a break of the previous high before deciding on an entry point, let's see Liying's explanation next.
Currently, the candlestick pattern shows a significant increase on the 14th day, forming a long.Candlestickfollowed by oscillation at high levels, the current candlestick shows some signs of retracement, but overall remains at a relatively high level.technical indicatorsMACD: Both DIF and DEA are diverging upwards,MACDThe histogram shows a bullish trend, indicating that the market still has upward momentum in the short term.
Relative Strength IndexRSIThe value is close to the overbought range of 74.37, caution is needed for possible downside risks. The trend indicator EMA is currently above EMA7, and far away from EMA30 and EMA120, indicating short-term strength. However, it is important to watch whether it will test the EMA7 support. The volume significantly increased yesterday along with a sharp price rise, showing active fund inflow. Subsequently, the volume decreased, indicating the market is in a wait-and-see state. The fact that the market has not fallen indicates that this wave of market movement is not over yet, and there is still momentum to break the previous high.
Today's latest reference point: (sideways)
Long entry point at 2550, add position at 2500, stop loss at 2470, target at 2650.
Short entry point at 2700, add position at 2750, stop loss at 2780, target at 2550.
Reason: Focus on the upside.Support level.After the consolidation at the high level, there is a high probability of further extension. Safety comes first. For actual results, you can check with Liying. The content of the article is time-sensitive, for reference only, and please bear the risk yourself.
The above analysis and conclusions are based on market data and trend analysis of the market. They are for reference only and do not constitute investment advice. They are for everyone's reference. Over the past decade, Liying has continuously explored and experienced hundreds of different types of digital assets. In this process, Liying has experienced the brilliance of the bull market and the dimness of the bear market, accumulating numerous valuable experiences and profound lessons. As a female trader who has been striving in this challenging field, Liying feels a responsibility to share her insights and hopes to help others with dreams to find their position and embark on their own successful journey in this unpredictable market.
