12.11 Zhang Lihui: Ethereum Market Analysis and Trading Suggestions:
Lihui mentioned yesterday that the Ethereum bearish trend has not yet completed, and as expected, it has come again. The evening market has once again declined close to the 3500 mark. In the 1-hour chart, the upper Bollinger Band is pressing down heavily, with the peaks continuously being lowered. Currently, we need to consider the EMA30 and the upper band area above the candlestick, which may again form overlapping pressure; the fast and slow lines are currently forming a golden cross rebound, so just wait for the rebound to enter short!
In the 4-hour chart, the Bollinger Band is narrowing down, and the middle band has crossed below the EMA80, which can serve as an entry point for short positions; the short-term indicator EMA15 has also crossed below the EMA60, and the EMA30 continues to turn down, all of which can serve as resistance points for long positions; in the MACD, the fast and slow lines have formed a death cross and are expanding, with volume balance below the 0 axis, showing no significant shrinkage, indicating that the bearish trend still exists, and we can continue to short! If the lower band rises quickly during the day, the downside space may not be very large, so be cautious of the compressed space!
On the daily level, the lower Bollinger Band has already turned down, and the EMA30 is also slowing its upward posture, with the middle band showing similar signs, so there may be strong resistance at the 3800 mark for short-term bulls; in the MACD, the fast and slow lines have formed a death cross, and this week we will see if the EMA30 can hold; if it cannot hold, it may decline to the EMA60 position; volume has started to increase below the 0 axis, and with only a few hours left until the close, it is highly likely that there will be no escape!
In summary, Lihui believes that the bearish trend continues to exist, with the entry points for high shorts being continuously lowered, and adjustments can be made based on real-time trading; the main idea remains to focus on short positions first;
Beijing time December 11, 5:20 AM editor: It is recommended to try shorting above 3700, with additional positions in the 3775-3810 range, and a stop loss of 30 points; targets are set at 3630-3550-3490; if it breaks below the 3480-3450 range, you can continue to hold;
Long positions still need to pay attention to not breaking the 3450-3480 range for entry, and specific entry opportunities can be based on Lihui's real-time notifications!
The article review and push have delays, and the market changes rapidly. Specific entry opportunities must be combined with real-time operations, and the article's suggested points are for reference only. Please do not operate with heavy positions, and ensure to set take profit and stop loss when entering. Take profits when you see good results!
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. I welcome comments and messages from those who are not familiar with trading!
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This article is exclusively published by (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 will search with my will," 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 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 brilliant 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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