12.16 Zhang Lihui: Ethereum Market Analysis and Trading Suggestions:
With Bitcoin reaching a new high again, Ethereum is also about to break through the recent high points of fluctuation. In the 1-hour chart, the fast and slow lines have crossed again, forming an upward opening situation, and there is also an increase in volume above the zero axis. It seems that the bulls still have room to develop. After Bitcoin broke the new high this morning, Lihui's layout of short positions in the 3920-3960 range was decisively closed for profit below the opening price; the opening price has been adjusted upwards. It is suggested that it is not advisable to chase long positions at the current location. Based on the liquidation data from the past few days, the risk of chasing long positions at high levels is still very high. I hope everyone treats this rationally! Lihui did not lay out long positions at this level in March, and still will not do so now! Continuing to lay out short positions!
The daily Bollinger Bands continue to converge, and the upper space has not opened up much. Currently, it is still hovering around the previous high. The fast and slow lines are not converging as severely as Bitcoin, and the death cross expansion is still ongoing. There is no need to panic; the bearish trend still exists. Continue to pay attention to whether Bitcoin can reverse the divergence on the daily chart, or wait for the fast and slow lines of Ethereum to converge before opening short positions!
Beijing time, December 16, 8:22 AM: It is suggested to continue to lightly test short positions in the 4010-4050 range; set stop-loss above the previous high, and if stopped out, adjustments can be made!
Opportunities for low long entries can be based on real-time notifications from Lihui!
There may be delays in article review and push notifications; the market changes rapidly. Specific entry opportunities must be combined with real-time operations, and real-time notifications should be the standard. The suggested points in the article are for reference only; do not operate with heavy positions. Please ensure to set take-profit and stop-loss when entering, and take profits when available!
I, Lihui, interpret world economic news and analyze global cryptocurrency trends. During my studies in the U.S., I conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other cryptocurrencies. I welcome comments and messages from those who are not familiar with trading!
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This article is exclusively published by (WeChat public account: Zhang Lihui) for reference only, and the risk is borne by the reader. May we remain humble and brave in the complex cryptocurrency world, unafraid of challenges, and willing to explore. Just as "the road is long and has no ending; yet high and low I'll search with my will unbending," I hope we keep pace with the times, absorb wisdom, travel thousands of miles, endure storms, and gain insights into life.
May you, under Lihui's guidance, leverage strengths and avoid weaknesses, create value, and remember the market's baptism, staying true to your original intentions. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and jointly compose a brilliant future, sharing the joy of success. Let us work hand in hand to create brilliance on this investment journey full of challenges and opportunities!
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