$ETH Evening Thoughts:
The battle for the second pie at the hourly level 3320 officially begins. If 3320 cannot be crossed, don’t expect the second pie to rise. It's like watching a TV drama where the male protagonist cultivates to the 12th level of Qi Refinement, just one step away from breaking through to the Foundation Establishment stage to become a Foundation Establishment cultivator, but it took him half a year to break through to the Foundation Establishment stage. Have I watched too much TV? 😂 What I want to express is that 3320 must either break through or continue to consolidate at this level. If it breaks through, it will take off directly, transitioning from the Qi Refinement stage to the Foundation Establishment stage and will suddenly become powerful. If it breaks through 3320, conservatively speaking, you can expect to see 3358 with the second pie stabilizing and looking up at 3380 and the previous high.
If it cannot go above 3320, it will continue to move in a flag pattern, but the flag cannot break down. If the flag is broken and falls below the low point marked by the white arrow, failing to reclaim the flag, 3219 will be the next stop.
For the second pie, wait for it to break through 3320 to chase the long position on the right side, looking up at 3358-3380-previous high, with a stop loss if it breaks the flag.
The second pie at the hourly level stabilizes above 3320 looking up at 3358-3380.
At the 4-hour level, if it breaks below 3273, look down at 3230-3185.
Currently, the second pie at the 4-hour level is forming a round bottom with a cup and handle pattern. This cup and handle pattern, taken alone, is a bullish flag. If it breaks through the bullish flag, the second pie will take off; if it cannot break through, it will continue to oscillate.
