$ETH 🚨 Alert! Is ETH continuing to plummet or is it starting a decent rebound? Please follow me!
Recently, ETH has been stronger than BTC, but it has also broken below the four-hour trend line. The medium to long-term trend still looks bearish. Currently, it is finding support near the four-hour support level of 3020. Let's take a small rebound first and then decide; after the rebound, we will continue to short. (Image 1)
According to the theory of cyclic analysis, ETH has shown a bottom divergence at the support level on the one-hour chart, which is likely to trigger a rebound on the four-hour chart. (Image 2)
⚠️ One point must be emphasized: we must wait for the one-hour level to pull into the central area (above 3090) and make a one-hour level pullback instead of entering now. If it cannot pull in, then give up and wait for the next trading plan.
Operation Strategy: Go long
· 🎯 Entry range: 3045 to 3060, enter long in batches
· 🎯 Target: 3139 3180
· 🛑 Stop loss: 2980
December 15th
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