Long Road Coin Talk: Ethereum fell again on 10.10, will it continue to fall?

The market of Ethereum went out of big fluctuations on the last trading day. The rebound in the white market around 1635 did not stabilize smoothly and continued to push back. At midday, it fell back to around 1580 and started to fluctuate. It fell below the support near 1555 early this morning and stopped near 1545. Rebound from the downtrend.

The rebound short selling strategy given by Changlu in the article yesterday also reminded that if the market falls below the support near 1585, then there will be an opportunity to test the support near 1555. If you keep up with the operation, short orders can make a wave of profits. If you can’t grasp the market situation, then don’t take the order yourself and find the long way.

! [1240] (https://img-cdn.gateio.im/webp-social/moments-901ff9e656-784a990dca-dd1a6f-69ad2a.webp)

Ethereum market analysis: Yesterday’s market fell, and the long lower lead and the big negative column came out. In the previous market analysis, Changlu had a layout. The market rebounded at 1785 and then drew the door and walked out of the big negative line, forming a situation of a dusk star. Yesterday, it was also mentioned in the analysis that if it falls below the support below, there will be an opportunity to test the support of 1555. After the price rebounds from the 1545 line, the market will most likely show a volatile trend today. After the daily line goes down, There is a certain support effect, and the overall market still shows a bearish trend. If it falls below the low of 1530, there will be a chance to move lower to the 1470 line again. Above, you can pay attention to the suppression near 1585.

! [1240] (https://img-cdn.gateio.im/webp-social/moments-901ff9e656-c2d440efdf-dd1a6f-69ad2a.webp)

On the 4-hour line, after the market fell below the Fibonacci retracement line at 0.626 and support near 1625 yesterday, it continued to fall. It fell to 0.786 below and near 1585 but did not stop the decline. It fell below the support of the rising trend line and came out of the pin. Market, after the market pin is inserted, there will be a period of shock and consolidation. It can be seen from the market that the price fell below the 1562 low of the last rebound and reached a new low of 1544. If it falls below the 1530 low, then the market will have the opportunity to continue to fall. Of course, the price will fall below the 1530 low. At this time, you cannot blindly chase short positions. You must first pay attention to whether there will be any bottom-building indicators after the market fluctuates and consolidates. Changlu will provide specific market analysis and strategic arrangements in real-time strategies.

Operation suggestion: Buy back and enter the market with long orders near 1555-1540, take profit 1585-1600, and stop loss if it falls below 1530.

Reminder: The strategy is for reference only. The operation should be carried out with stop loss and profit, and the stop profit target should be set to take profit in batches and trailing stop loss to avoid excessive profit taking while maintaining profits.

Trading in the currency circle is in full swing all the time. How to seize the opportunity to get a share of the pie is the common wish of everyone. Please believe that “there is only a long road between you and the freedom of wealth.” I believe that in the long run Under the guidance of the road, you will surely realize your dream of wealth in the currency circle faster and more steadily.

! [1240] (https://img-cdn.gateio.im/webp-social/moments-901ff9e656-50deac829a-dd1a6f-69ad2a.webp)

Source: Golden Finance