$ETH Evening Thoughts:
Earlier this month, seeing people looking for the second coin to reach 3000 and the big coin to reach 120,000, how are you? Are you now seeing the big coin break 100,000,
and the second coin break 2000? You can choose not to believe anyone, but you must believe in the second coin's ability to correct, because the second coin won't let you down in this regard.
I want to tell you all one thing: the more beautiful the K-line looks, the more it can deceive, this is what Zhang Wuji's mother told me, haha.
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Speaking with pictures: In the second coin's hourly level, if we look at it according to wave theory, the second coin is currently undergoing a downward A wave in the 3rd wave of the upward 5 waves, and there will be a B wave rebound.
But you must first confirm where the stop loss position of this A wave is! And the B wave rebound cannot exceed the high point of the 5th wave, there will also be a C wave decline.
If the B wave rebound exceeds the high point of the 5th wave, then this upward 5 waves and downward 3 waves pattern collapses without a fight, if successful, then the decline of the C wave will be the largest and most terrifying, so stay tuned!
For the second coin, if it breaks through 2527 with volume, go long on the right side; if it breaks down 2518 with volume, go short on the right side, pay attention to observe the changes in volume, and set a stop loss.
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The second coin, at the hourly level, if it breaks and stabilizes above 2537, look up to 2576-2603, the second coin is going to make a fake move again.
At the 4-hour level, if it breaks below 2500, look down to 2453-2410.
Continuing to look at the chart: If the second coin's 6-hour closing price closes below 2455, then the upward trend marked by the yellow box has ended.
Looking again at the segment marked by the white arrow, this trend will quickly decline, the rise here is fast, but the decline will be even faster, because this area is a vacuum zone, currently shorting at highs will be more cost-effective than going long, meeting adjourned.
