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$ETH CryptoCircle LiYing: April 19th, bullish alignment is perfect, Ethereum is trending strongly and healthily along the MA7! Latest market analysis and trading suggestions
Family members! Ethereum is currently priced at 2360, located between the middle and upper bands of the 2-hour Bollinger Bands. Although the Bollinger Bands have not fully closed, the price has fallen back from the previous high of 2463, forming a short-term correction. In the moving average system, MA7, MA30, and MA120 are showing a state of short-, medium-, and long-term moving average convergence. MA7 and MA30 are close to crossing, indicating a near-term directional choice. The current price is suppressed by MA7; if it cannot quickly recover the middle band, it may continue to consolidate, waiting for the moving averages to diverge again.
The MACD indicator shows that momentum is weakening; the shortening of the red bars indicates that the bullish push is weakening, and the bears are beginning to probe a rebound. After the high point at 2463, a double top pattern has appeared, followed by a correction forming a descending flag consolidation structure, but it has not broken below the key support levels of MA30 and the middle band of Bollinger Bands, indicating the correction remains a healthy adjustment. If the MACD green bars further enlarge and fall below the zero line, it will confirm a short-term top signal. Conversely, if the red bars enlarge again, the bulls will regain momentum: current price around 2361, lightly long with stop-loss below 2330 (below Bollinger Band lower band), targeting resistance at 2400 and the previous high at 2450.
Short-term practical strategy (LiYing personally teaches, precisely aligned with the market)
Long idea: 2350-2360, stop-loss at 2330, target 2385 aiming at 2430
Short idea: 2380-2390, stop-loss at 2405, target 2330 aiming at 2320
The market will always reward those who respect the trend and strictly follow the rules!
Note: The above analysis is based solely on technical logic by LiYing and does not constitute investment advice. The market carries risks; invest cautiously. #山寨币强势反弹