Today's market analysis

December 10: Transformation of resistance and support and grasping the timing of entry...

ETH/4H chart: case sharing; the above is a case of seizing opportunities after two breakthroughs at the 4-hour level of Ethereum

The first thing to understand is that there is an interchange function between resistance and support; if the price is effectively suppressed under resistance, then

The resistance will be on the short side; on the other hand, as long as the price is effectively broken through, the original resistance will be on the backtrend price.

When retracing, it can often form a support role and gain momentum for continued upward movement; the picture above shows horizontal resistance.

A complete case after the trend line resistance was broken; on November 9, the price of Ethereum was strong and broke through rapidly.

1920 reached the highest level and encountered new strong resistance near 2140, and then began to fluctuate and retreated to 1920. After several times

After confirming that it was supported by the original resistance of 1920, it began to continue upward; the entry opportunity is to find that week

Future signals such as Piercing Pattern. Morning Star. Bullish Engulfing Intervene; Defensive Placement Below Signal Plus; Target Usually

See if the previous high breaks through the previous high and then look for a higher resistance zone;

Case 2: After the trend line connects to the 1920 resistance and support, it successfully breaks through the downward trend line upward; on November 28

The 4-hour price happened to be back near the trend line; at this time, it is necessary to observe if the trend line is broken below.

The support is invalid; to have a counter-support effect, a bullish pattern needs to appear. At this time, the cycle closed.

A group of morning star and piercing combination patterns indicate that the suppression effect under the original downward trend has been transformed into counter support;

The price will continue to rise in the future; therefore, when the price is broken by the market, if you fail to follow up in time at the first time, you need to be patient.

Waiting for the next opportunity to enter after resistance is tested and turns to support.

Recommended ideas [Bull direction]

Support 2300-2315/Resistance 2400-2500