12.29 Zhang Lihui: Ethereum Market Analysis and Trading Suggestions:
Lihui's low long position set yesterday was once again missed, as the market did not provide an opportunity to enter. I initially thought that the depth of the pullback would touch below 3300, but the coin price remains very strong. However, the anticipated bullish target of 3410 has still been reached, confirming that Lihui's thinking is correct; we can see that after the market touched the 1-hour EMA180 in the morning, it turned back again, which means that the range of 3420-3450 mentioned yesterday is just the EMA180-EMA220 resistance zone. Therefore, today's pullback support point will continue to look at the overlap of the lower track and EMA30-EMA60; the MACD shows a decrease in volume above the 0 axis, with the fast and slow lines converging. If the intraday pullback continues to be slow, then the positions of EMA30, 60, and the lower track can still be considered for light long positions.
In the 4-hour chart, the K-line shows a pullback after touching the upper track. The first resistance above for the day is EMA60; if it breaks above, then it will be EMA80 and EMA220, along with the two nodes of EMA180 and EMA120. For support below, consider the middle track, and just defend at the lower track position; the MACD continues to increase in volume above the 0 axis, with the fast and slow lines forming a golden cross and opening up, indicating that bulls are likely to push up again. It depends on whether it can break through the key resistance of 3550-3600 on the daily line next week. The market, which has been held back for two weeks, is likely to make an effective breakthrough at the end of the month, bringing opportunities for a bullish reversal.
On the daily level, we can see that the upper Bollinger Band has ended its downward trend for several days and is now starting to level off. We are just waiting for a short-term surge to lift it higher; thus, the top resistance is also looking at the upper track and the key position of EMA30, while the support below considers EMA60, EMA80, and the lower track support range.
In summary, Lihui continues to form a stable oscillation at the bottom of Ethereum, waiting for opportunities to break through resistance. Lihui's thinking remains unchanged, still considering low long positions!
At 8:22 AM Beijing time on December 29, the editor suggests continuing to try long positions lightly in the 3370-3350 range; reserve for replenishment below at 3280-3300; stop loss below 3250; target at 3420-3490-3530; if it breaks above the 3550-3580 range, you can continue to hold.
For high short entry points, continue to wait for the market rebound strength before arranging entry. Specific operations can be consulted with Lihui based on real-time changes!
There may be delays in article review and push notifications; the market changes rapidly, and specific entry opportunities must be combined with real-time operations. The article's suggested points 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 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. I welcome comments and messages from friends who are not familiar with trading!
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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 in this investment journey full of challenges and opportunities!
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