ETH signal: Bullish Type 2 pullback confirmation (4-hour, countertrend)
Signal candlestick: 4-hour candlestick pattern: hammer—but closed bearish (C < O), weaker than a bullish hammer
Structural basis: Type 1 low at 2202.12; this is the first pullback after the Type 1 appeared, and the low of 2210.99 did not break below 2202.12; 4-hour downward momentum has clearly eased
Key levels: Previous low 2202.12 / near the $2,200 round-number level (pullback low 2210.99, about $11 or 0.5% from 2200)
Invalidation level: 2202.12 (a closing break below the Type 1 extreme means the Type 2 confirmation has failed)
Risk note: 4-hour Type 2 pullback confirmation; however, the daily trend is opposite to this signal, making it countertrend—the daily candle on 11-05 was a large bearish candle at -7.7%; the 4-hour candle closed bearish, and the 1-hour candle pattern over the same period is not clean, so confirmation strength is discounted
Report signal triggers and risk levels only; this is not a buy or sell recommendation.
The 1-hour candle has a small bullish body of 1.53 and a lower shadow of 14.02, but the upper shadow of 6.29 is about 4.1 times the body, and the body is not at the upper end of the range. It is not a clean hammer; observe only, and it does not constitute a 1-hour Type 2.
Price: ETH around $2,225.95, still within the 2,170–2,390 middle range
Signal candlestick: 4-hour candlestick pattern: hammer—but closed bearish (C < O), weaker than a bullish hammer
Structural basis: Type 1 low at 2202.12; this is the first pullback after the Type 1 appeared, and the low of 2210.99 did not break below 2202.12; 4-hour downward momentum has clearly eased
Key levels: Previous low 2202.12 / near the $2,200 round-number level (pullback low 2210.99, about $11 or 0.5% from 2200)
Invalidation level: 2202.12 (a closing break below the Type 1 extreme means the Type 2 confirmation has failed)
Risk note: 4-hour Type 2 pullback confirmation; however, the daily trend is opposite to this signal, making it countertrend—the daily candle on 11-05 was a large bearish candle at -7.7%; the 4-hour candle closed bearish, and the 1-hour candle pattern over the same period is not clean, so confirmation strength is discounted
Report signal triggers and risk levels only; this is not a buy or sell recommendation.
The 1-hour candle has a small bullish body of 1.53 and a lower shadow of 14.02, but the upper shadow of 6.29 is about 4.1 times the body, and the body is not at the upper end of the range. It is not a clean hammer; observe only, and it does not constitute a 1-hour Type 2.
Price: ETH around $2,225.95, still within the 2,170–2,390 middle range