December 17th ETH Directional Analysis, Prepare for Market Layout, The Overall Trend Remains Bullish Without a Doubt!
Almost every day this month, it has been stated that the overall trend is bullish without a doubt. Anyone trading Ethereum contracts should not hesitate to go long; special indicators suggest that in a couple of months, we are looking at a range of 5000 to 6000, it’s just a matter of time. Secondly, as long as your position is relatively small, going long and then taking profits is advisable. Unless there is a significant black swan event, going long is profitable.
The overall trend for ETH is shown in Figure 1: Quickly save this image because it is extremely accurate; it’s ridiculously precise. Each peak touches the upper trend line on the chart before a pullback occurs. According to this trend chart, the next peak is around 4150. The most concerning part is that each downward pullback point coincides exactly with the lower trend line; each time it reaches the intersection position below, such as today’s low of 3933, it rebounds. The next pullback should be around 3950, which is a good point to go long.
ETH This is the current market situation in Figure 2: It’s very straightforward, touching the lower trend line leads to a pullback. Currently, the lowest point is around 3953, which is also the support level below. Going long at this position is the most suitable; you can achieve 100 points or over 300% profit, so aim for medium to long-term positions rather than short-term.
ETH Evening Layout Strategy: Go long around 3970-3980, target 4090, with a spike to around 4105, detailed guidance is urgent.
