$ETH Evening Silk Road of Yitai

Yitai has now broken out of the triangle, and after several days of not surpassing the previous high of 2400, it made a false breakout above the resistance at 2412. Currently, as long as Yitai can stay above 2412, the hourly upward space will be fully opened, aiming towards 2450-2464 nearby. As long as the pullback does not fall back into the triangle, there is nothing to worry about; it’s best to stay within the upper boundary of the triangle. Yitai can retest the upper boundary of the triangle but should not fall back inside the triangle. If it falls back inside, the support at 2376 will be broken, and once 2376 is broken, the triangle will be broken as well—these are interconnected. When the triangle breaks downward, it will naturally retest the support at 2343. As long as Yitai can stay above 2376, there’s no big problem. Yitai only needs two candlesticks to break through all the previous resistance and support levels. The white arrows below indicate why Yitai is so strong—check Yitai’s exchange rate because the exchange rate has basically recovered its decline, which is why Yitai is so vigorous.

Break through 2422 with volume on the right side, follow up long; break below 2395 with volume on the right side, follow up short. Pay attention to volume changes and set stop-losses properly.
On the hourly level, stay above 2422 and look up to 2464-2513.
On the 4-hour level, if it breaks below 2399, look down to 2369-2346.

As long as the daily closing price is above 2391 tomorrow, according to Fibonacci levels, we won’t look at the 1:1 target because it’s too far away. We will look at the 61.8% level, which should be reachable, but the premise is that the daily closing price must stay above 2391. The extreme retest cannot break below 2203—both conditions are essential.
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