$ETH Chan Theory 1-hour | Newly confirmed downstroke and central zone
Binance USDT-margined ETHUSDT, using closed candlesticks through 15:59:59 on October 16, Beijing time.
Confirmed: the previous stroke moved up from 2313.39 to 2466.62; the latest stroke moved down from 2466.62 to 2439.50. The latest confirmed central zone is 2439.50–2466.62; the previous central zone was 2496.12–2498.39.
The current closing price of 2454.27 is within the latest central zone. We are only watching to see whether subsequent closed candlesticks form a newly confirmed stroke and bring a change to the central zone; directional signals remain unconfirmed, so do not chase trades based on this. For market observation only; this is not investment advice.
#ETH #ETHUSDT #缠论
Binance USDT-margined ETHUSDT, using closed candlesticks through 15:59:59 on October 16, Beijing time.
Confirmed: the previous stroke moved up from 2313.39 to 2466.62; the latest stroke moved down from 2466.62 to 2439.50. The latest confirmed central zone is 2439.50–2466.62; the previous central zone was 2496.12–2498.39.
The current closing price of 2454.27 is within the latest central zone. We are only watching to see whether subsequent closed candlesticks form a newly confirmed stroke and bring a change to the central zone; directional signals remain unconfirmed, so do not chase trades based on this. For market observation only; this is not investment advice.
#ETH #ETHUSDT #缠论