$ETH Evening Thoughts:
The second currency is still quite a distance from my expectations, but at least it has broken through the resistance level of 2546, which is a good thing.
Even if it drops back, at least a higher high has formed at the hourly level. The reason the second currency hasn't surged is likely because the first currency hasn't stabilized, and the second currency is hesitant to fly too high. If the first currency retraces, wouldn't the second currency get confused again?
Most of my peers, whether in real life or online, might have heard too many sweet words and are unwilling to listen to honest advice.
Do you think you are the chosen one? Or who is your dad? Why does everyone say nice things to you? Have you thought about this? Those who say sweet words to you are either trying to dig a pit for you or want to gain something from you, think for yourself!
But I am someone who speaks quite directly, and I like to give honest advice. I tell you that eating too much sugar will hurt your teeth. If you talk to me when you have nothing to do, you will gain a lot.
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Looking at the chart: The second currency needs to break the neckline at 2680 marked in the chart to form a large W bottom. This may seem a bit far-fetched, but if the second currency moves in this direction, you need to pay attention to 2680. If it breaks through, it will take off. If it cannot break through 2680, it is a good shorting point on the left side.
For the second currency, if it breaks through 2553 with volume, you can go long on the right side; if it breaks down 2546 with volume, you can go short on the right side. Pay attention to changes in volume and set your stop-loss properly.
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If the second currency breaks through 2569 at the hourly level, continue to look up to 2619-2656. As long as it holds above 2569, the second currency will fly higher and further.
At the 4-hour level, if it breaks below 2502, look for target levels below at 2469-2435. If 2502 is broken again, coming back up will be harder than climbing to the sky.
Continuing to look at the chart: The MACD fast line for the second currency at the daily level is already below the zero axis, and the slow line is hovering near the zero axis, which is a very dangerous signal that everyone should pay attention to. Now I am not concerned about whether the first and second currencies can continue to rise; I just hope they do not fall. I hope to see them consolidate and repair the MACD indicator at the daily level, allowing the fast and slow lines to move further away from the dangerous zero axis. Meeting adjourned.