$ETH Evening Thoughts:
The triangle drawn in the two-piece hourly chart has been broken; if it cannot return to operating within the triangle, it will continue to fall. The moment it can return to the internal fluctuations of the triangle is when the decline will stop.
Looking down, 3627 is also the support that was tested twice yesterday without breaking. Let's see if it can hold this time; if it cannot hold, then look at the position pointed to by the right-side yellow arrow. If 3627 holds again but cannot break the high from noon today, then the decline is not over and it will test 3627 again. Is there anything about this that you cannot understand?
If you don't understand, it means you haven't put in the effort. If no one taught you how to flirt, how can you expect to do better than others?
🔮
For the two-piece, if it breaks 3662 with volume, chase the long position to take advantage of the rebound; if it breaks 3650 with volume, chase the short position. Pay attention to changes in volume and set good stop losses.
For the two-piece hourly level, if it breaks 3681, look upwards to 3719-3766; if it cannot hold 3681, the upward trend cannot continue.
At the 4-hour level, if 3629 breaks, look down to 3574-3537. If 3629 breaks, the two-piece begins to undergo a 4-hour level correction.
Continuing to look at the chart: the 4-hour EMA 20-day moving average has been broken; if it cannot return, the two-piece will not be able to rise. According to the EMA moving averages, the most effective support is the EMA 50-day moving average at 3522 pointed to by the white arrow. If it reaches here, it is also a left-side position worth betting on for long trades. Don't say that when it gets to 3522 you won't dare go long because you think it will go down further; you dared to chase long at 3700, but suddenly you hesitate at 3500? Going long around 3500 is definitely better than chasing long at 3700-3800! You decide for yourself! Meeting adjourned.