1.7 Zhang Lihui: Ethereum Market Analysis and Trading Suggestions:
Yesterday, the long position in the 3590-3620 range laid out by Lihui was accurately triggered again, and those who entered at the 3640 position halfway have already reached the second target above 3710 mentioned in the article, earning a profit of 70-100 points! After the last short position at 3610, it was adjusted back to a long position layout, and the market has proven that following the major trend with low long positions is relatively easier and less stressful; at this point, regardless of whether the market has a significant pullback, I advise everyone not to heavily short anymore, as the time for the understanding king to officially take office is approaching quickly, and the market may once again show a positive continuation of the upward trend!
Continuing to look at Ethereum's 1-hour candlestick chart, after a spike above 3740 in the early morning, it formed a pullback again. After the long positions below 3640 were closed for profit yesterday, Lihui has maintained a wait-and-see attitude, and currently, there are no short-term arrangements, just waiting for opportunities; the current coin price is pulling back close to the EMA30 and the lower band, and this position can be considered as short-term support. From the recent market performance, the candlesticks have consistently dipped below the EMA30 to the lower band before starting to rebound, which can also serve as a basis for layout. It can be seen that the lower band has risen significantly, creating distance from the EMA60, indicating that the lower space continues to gradually rise, so the defensive position can also consider the range between EMA60 and EMA80; the MACD shows that the volume below the 0 axis is still very weak, and the fast and slow lines are again showing a convergence intention. Since the pullback is very slow, it indicates that the bulls are relatively strong!
In the 4-hour chart, the Bollinger Bands continue to close upwards, with the candlesticks retracing to the mid-band and EMA7 support, while the lower band continues to rise, forming double support with the EMA30; the defensive positions can be seen at the EMA60, 80, 120, and 180 support levels;
On the daily level, the Bollinger Bands are also opening upwards, with the upper band already touching above 3800, and the mid-band and lower band are continuously rising, with the mid-band serving as a strong rebound defense point; the moving averages continue to show a bullish arrangement; yesterday's candlestick still closed positively, and the MACD continues to show increasing volume above the 0 axis, with the low-level golden cross opening continuing to expand, looking for a continued upward oscillation!
At 8:56 AM Beijing time on January 7, the editor suggests continuing to take light long positions in the 3665-3635 range; reserve the 3540-3515 range for additional positions; stop loss below 3500; target at 3720-3780; if it breaks above 3800, you can continue to hold;
For short positions, it is recommended to arrange according to real-time changes, and specific operations can be consulted with Lihui for entry!
There may be delays in article review and push notifications, 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. Please set stop-loss and take-profit levels when entering, and take profits when they are good!
I, Lihui, interpret world economic news and analyze the major trends in the global cryptocurrency market. During my studies in the U.S., I conducted in-depth research on cryptocurrencies such as BTC, ETH, LTC, DOT, EOS, BNB, and SOL. For those who are not familiar with trading, feel free to leave comments!
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This article is exclusively published by (WeChat Official Account: Zhang Lihui) for reference only, and the risk is self-borne. 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 will search with my will unbending," I hope we keep pace with the times, absorb wisdom, travel thousands of miles, weather storms, and gain insights into life.
May you, under Lihui's guidance, leverage your strengths and avoid weaknesses, create value, and remember the market's baptism, staying true to your original intention. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and together compose a glorious future, sharing the joy of success. Let us work hand in hand to create brilliance in this investment journey full of challenges and opportunities!
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