$ETH Evening Thoughts:
There’s not much to say about Saturday’s second pie:
It can't go up and it can't go down.
If I don't write a post on Saturday! Many classmates are still waiting for my post, so I’ll write one!
With no market fluctuations, I really have nothing to write about.
The second pie has shown a small consolidation box within a larger range on the hourly level; to rise, it must first break through the small box and then look at the central axis of the large box. If it breaks through, then look at the resistance at 3386 and the previous high.
If the small box is broken down, we must look downward at the support at 3217; if it can’t hold, it will lead to a waterfall effect. For today and tomorrow, it’s likely to keep moving in the range of 3220-3266.
This is how simple Saturday’s market is.
For the second pie, break through 3320 with volume on the right side to chase long positions, and break below 3282 with volume on the right side to chase short positions. Be sure to observe changes in volume and set good stop losses.
The second pie should stabilize above 3320 on the hourly level and look upward at 3345-3386.
On the 4-hour level, if it breaks below 3275, look downward at 3229-3188.
On the daily level of the second pie, as long as the closing price of the daily line for today and tomorrow doesn’t close below 3250, everything is still within a controllable range. If it breaks below 3250, it’s fine as long as it doesn’t break the bullish candle pointed to by the white arrow; that candle must return to where it came from if it is broken. Meeting adjourned.
