12.25 Zhang Lihui: The strategy of going long on dips continues. Can we break through the key level of 3600 on Christmas Eve? Today's latest Ethereum (ETH) market analysis and trading reference! #圣诞行情分析
The Ethereum market once again validates Lihui's recent thinking. After taking a hundred points on the short position the day before yesterday, although the long entry point yesterday was not reached, it still came up as Lihui expected; we can see on the 1-hour chart that after the candlestick pierced above the EMA220 in the early morning, it formed a pullback again. Currently, the first support below is considered at the intersection of EMA120 and EMA30. The defensive position is set at the dual lines of EMA80 and EMA60 below, while the top pressure can be seen at the EMA300 position looking for a breakthrough; in the MACD, there is again an increase in volume below the 0 axis, and the fast and slow lines are forming a death cross, indicating there is still a demand for a pullback. Since there is room for a pullback, it presents a buying opportunity!
On the 4-hour chart, the Bollinger Bands channel is moving upwards, and the bulls are gradually emerging unconsciously. The candlestick is also indicating that there will be a pullback at the EMA220. The support below looks at the EMA30 and the middle line position. It seems that the 3400 support level is also quite strong, while the top continues to focus on breaking through the EMA120, which is the 3600 level; in the MACD, the volume above the 0 axis is beginning to decrease, but combined with the hourly chart, if the intraday pullback is slow, then the convergence of the fast and slow lines will be weak, and by the evening, a new round of increases may occur! Of course, all of this is Lihui's opinion. How the market moves will be verified by time. What we need to do is to act at key positions and continuously give ourselves opportunities for light positions and trial trades! Continue to maintain the concept of small losses and large profits in trading!
Beijing time December 25, 9:20 AM Editor: It is recommended to continue light positions to try long in the 3430-3400 range; reserve the 3280-3300 range for additional positions; stop-loss at 3250; the target looks at 3480-3530-3580; if breaking through the 3590-3610 range, you can continue to hold;
For short positions, also pay attention to the 3590-3610 range. If it does not break, lightly intervene in the short position, targeting a hundred points of space! Specific operations can be consulted with Lihui for entry based on real-time changes!
There is a delay in article review and push notifications; the market changes rapidly. Specific entry opportunities must be combined with real-time operations, and notifications are subject to real-time updates. The suggested points in the article are for reference only; do not operate with heavy positions. Please set take-profit and stop-loss when entering, and take profit when you see good opportunities! $ETH