12.20 Zhang Lihui: Ethereum Market Analysis and Trading Suggestions:
The market has once again fallen below the 100,000 mark, currently experiencing a pullback of 7,100 points. The bearish trend is once again dominant, further clarifying the short-term strategy! Continuing to look at Ethereum, after reaching 3,718 on the daily chart, a significant pullback has formed, with the current lowest point at 3,322; the market dipped below the EMA60 in the early hours, and is currently forming a pullback. From the perspective of the direct pullback, there are two pressure points above: one is 3,490, and the other is the golden 618 position, which corresponds to the EMA30 on the daily chart. These two positions can continue to serve as entry points for short positions; the next support point below is the EMA80 and MA60 positions, which is the 3,260-3,230 range. Therefore, it does look quite daunting, and everyone must set stop losses when entering the market to avoid significant losses due to small mistakes!
In the short-term 1-hour level, the bullish reversal is not strong enough, but there is a slight decrease in volume below the zero axis. The fast and slow lines may form a brief convergence, so the middle track and EMA30 positions can also be monitored above; the KDJ three lines at the bottom are intentionally lifting and overlapping upwards. Long positions below 3,400 can be held conservatively, but do not be too greedy; the strategy is still best to remain predominantly bearish! Therefore, the opportunity for low long positions should wait until the 4-hour line converges before taking a main long position!
At 6:06 AM Beijing time on December 20, the editor suggests shorting in the 3,590-3,620 range; stop loss above 3,650; the target continues to look at 3,490-3,410-3,350, and if it breaks below the 3,340-3,320 range, it can be held to the 3,260 position;
For low long positions, attention can be paid to the support in the 3,230-3,260 range, with targets adjustable based on real-time changes; a space of a hundred points should not be a big problem; specific operations can be consulted with Lihui for entry!
The article review and push have delays, and the market changes rapidly. Specific entry opportunities must be combined with real-time operations, with real-time notifications as the standard. The suggested points in the article are for reference only; do not operate with heavy positions, and please set take profit and stop loss when entering the market, and take profits when favorable!
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. Friends who are not familiar with trading are welcome to comment and leave messages!
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