$ETH Evening Analysis:
Looking at the chart: The second coin's hourly level has been fluctuating at the lower boundary of the triangle, which is a very dangerous signal. If the triangle is broken, falling below 3180 will also lead to a drop to 3069. Why does breaking 3180 mean a drop to 3069? The position indicated by the left yellow arrow is 3180, and the rise marked by the white box only occurred after breaking 3180. So if 3180 is broken again, it should return to where it rose from. The upper level of 3220 is the neckline for the second coin. Only by breaking 3220 can there be a decent rebound; if it fails to break 3220, it’s useless.
Therefore, if you can identify the neckline, you are not far from success, as the neckline is very useful for trading.
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The second coin should chase long positions with volume breaking 3215 for a rebound, and if it drops below 3189 with volume, chase short positions. Pay attention to changes in volume,
and set proper stop-losses.
The second coin's hourly level is stable above 3220, looking upward to 3279-3335; if it can’t go above 3220, you shouldn’t look upward anymore.
At the 4-hour level, if it breaks below 3180, look downward to 3098-3039; breaking 3180 basically means it’s in trouble.
Continuing to look at the chart: The second coin's 4-hour bullish trend line has already been broken. Until it can recover and run above the bullish trend line, be cautious about going long, and only look downward; upward movement is not possible, and the meeting can be dismissed.
