$ETH Evening thoughts: 9.19.
The second pattern ("two buns") twice tried to move upward to break above the previous high at 2667, but unfortunately failed. And at the spot indicated by the white arrow, there are two upper wicks left—those upper wicks don’t look good. Next, we’ll see whether the second pattern can push upward again and break the prior high. If it breaks above the previous high, then it should head to challenge the resistance at 2716. If it can’t push through and instead falls back to trade inside the 2647 price channel, that’s still okay—as long as it doesn’t break below the price channel. If it does break below the price channel, then it will need to retest the support below at 2582, and then it will start the 2582–2647 ranging consolidation. For the second pattern, just remember two levels: staying above 2647 keeps the chance to touch 2716. The lower 2582—specifically the consolidation area encircled in the red box—once that area is broken, then only at the hourly level will the second pattern begin a pullback downward to look toward around 2522. Also, if the red-boxed consolidation area is broken, at the hourly level there’s risk of forming a triple top. Other locations don’t need to be remembered.
For the second pattern: break out above 2645 with volume—chase long on the right side; break down below the right side at 2619 with volume—chase short. Watch for changes in volume and keep your stop-loss in place.
At the hourly level, the second pattern holding steady above 2645 looks toward 2666–2716.
On the 4-hour level, a break below 2619 points down to 2582–2522.
For the second pattern on the 4-hour level, it finally broke through the bearish flag pattern at 2576. The key resistance level on the 4-hour chart is 2670. If the 4-hour chart can break above 2670, then the upward room on the 4-hour will open up—at that point, we’ll see how high it can go! For the second pattern on the 4-hour: as long as it can keep running above 2576 and continues to push upward, that’s the “life” of the move. If it falls back and runs below 2576, then it will continue flag-like consolidation—don’t play it out like that. If it goes on like that for two more days, it’ll be so boring you’ll end up with a big fart. Second pattern, quickly push upward and break out of the flag consolidation zone! Meeting adjourned.
$ETH
#华夏基金完成港元稳定币投资用例
The second pattern ("two buns") twice tried to move upward to break above the previous high at 2667, but unfortunately failed. And at the spot indicated by the white arrow, there are two upper wicks left—those upper wicks don’t look good. Next, we’ll see whether the second pattern can push upward again and break the prior high. If it breaks above the previous high, then it should head to challenge the resistance at 2716. If it can’t push through and instead falls back to trade inside the 2647 price channel, that’s still okay—as long as it doesn’t break below the price channel. If it does break below the price channel, then it will need to retest the support below at 2582, and then it will start the 2582–2647 ranging consolidation. For the second pattern, just remember two levels: staying above 2647 keeps the chance to touch 2716. The lower 2582—specifically the consolidation area encircled in the red box—once that area is broken, then only at the hourly level will the second pattern begin a pullback downward to look toward around 2522. Also, if the red-boxed consolidation area is broken, at the hourly level there’s risk of forming a triple top. Other locations don’t need to be remembered.
For the second pattern: break out above 2645 with volume—chase long on the right side; break down below the right side at 2619 with volume—chase short. Watch for changes in volume and keep your stop-loss in place.
At the hourly level, the second pattern holding steady above 2645 looks toward 2666–2716.
On the 4-hour level, a break below 2619 points down to 2582–2522.
For the second pattern on the 4-hour level, it finally broke through the bearish flag pattern at 2576. The key resistance level on the 4-hour chart is 2670. If the 4-hour chart can break above 2670, then the upward room on the 4-hour will open up—at that point, we’ll see how high it can go! For the second pattern on the 4-hour: as long as it can keep running above 2576 and continues to push upward, that’s the “life” of the move. If it falls back and runs below 2576, then it will continue flag-like consolidation—don’t play it out like that. If it goes on like that for two more days, it’ll be so boring you’ll end up with a big fart. Second pattern, quickly push upward and break out of the flag consolidation zone! Meeting adjourned.
$ETH
#华夏基金完成港元稳定币投资用例
