$ETH
🚨ETH Big Waterfall? 2000 indeed couldn't hold! The next script for ETH has been written, don't panic! This is just a squat before the jump! 💎
Yesterday, I posted that 2000 was about to break, and today there's a big waterfall; this mouth has been opened.
According to the theory of Chan analysis, ETH is currently experiencing a four-hour level downward move. As for whether the four-hour level sell signal will turn into a buy signal or continue to make new lows, we just need to follow the structure. Whenever a four-hour bottom pattern + 30-minute level bottom divergence + 30-minute level buy signal appears, that will be when the decline ends, and we can continue to ride a wave of four-hour rebound.
From the current perspective, ETH has already broken the central axis. It is highly likely that a 30-minute sell signal will come out tonight, which may provide a short opportunity. My expected target for this round of four-hour decline is around 1860-1880, and then continue to rebound and break new highs to around 2360-2380. So let's be patient and wait. The earliest opportunity for this medium-term long position might be tomorrow afternoon or evening, and then we wait for the daily rebound to end (four-hour level top divergence) to take a short position for 7-10 days of medium-term short.