$ETH Evening Attitude Silk Road


Attitude has been oscillating inside the triangle, as long as the attitude retracement does not break below the triangle, it will not revisit the support at 2298 below.
As long as the retracement does not break below the support at 2298, the bullish trend marked by the red box will not form new lows.
Without new lows, the bullish trend marked by the red box will not be broken.
Not breaking below 2298 also means it will not continue to revisit the previous low point indicated by the red arrow below, which is around 2250.
To rebound, it must first break through the resistance zone of the triangle and 2345.
Only after breaking this resistance zone can there be a chance to reach 2390 and higher levels above.
If it cannot break through this resistance zone, maintaining sideways consolidation between 2345 and 2298 is already good.

Attitude volume breakout above 2331, pursue long on the right side;
2303 with volume breaks below on the right side, pursue short;
Pay attention to volume changes, set good stop-losses.
On the hourly level, stabilize above 2331 and look up to 2379-2423.
On the 4-hour level, if it breaks below 2297, look down to 2263-2331.

The 4-hour low point is currently rising and has not created a new high;
Retracement without breaking the secondary low will not expand the decline.
To form a rebound on the 4-hour level, it must break through the triangle convergence pattern and the high of 2426.
This way, the 4-hour level will only show a rebound if both the high and low are rising.
All current upward movements are just rebounds until breaking through 2426.
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