FirstEncounterWithETH

# Ascending Flag Pattern
An ascending flag pattern is a chart pattern that appears within a sustained uptrend, signaling that after a brief consolidation of the current trend, prices will continue to rise.
This pattern consists of two parts: first, a rapid uptrend that forms the "flagpole"; second, a subsequent small-range, parallel, or slightly downward price consolidation area that forms the "flag body."
The consolidation area is typically composed of a series of shorter candlesticks that fluctuate within a narrow price range, appearing to accumulate energy for the next upward move.
The key

Ethereum broke through a converging triangle and opened an uptrend, reaching the 2385 resistance level. After that, the major funds stagnated and initiated a decline. Major funds are currently flowing out 600 million, and the price has broken below the trend line, reaching support at the previous box edge. For long positions, you can watch the 2067, 2010, and 1910 levels. Once the final trend line is broken, you need to stop loss, as breaking it will open up a larger downside space. For short positions, you can watch around the 2303 and 2346 levels.

Looking at Valuescan, I can see that major capital has been continuously flowing out. Starting from 71 to 76, there was an inflow of 3 billion U in major capital. After reaching 76, the capital stalled, and a head-and-shoulders top pattern appeared on the chart, followed by a downtrend. Currently, capital is still present. For short positions, pay attention to the 735-748 range. For long positions, watch 675-656. However, when the price breaks below the last trend line, you must stop loss immediately. Do not hold the position under any circumstances.

Is this treating Yi Lihua as a reverse indicator? One sentence to settle it.

Sure enough, it's still 978's usual trick, first eating a bit#

Could it really be like that time 978? Just smash it directly?

# Translation
The same market movement offers different entry opportunities depending on your trading strategy. Whether it's the trendline most commonly used by beginners, the intuitive support and resistance levels, the seemingly sophisticated Fibonacci retracement, or the so-called "simplicity is elegance" naked candlesticks—they all provide a coordinate system for observing the market from a certain dimension. So what's the key point? What's the difference? What matters most for traders? The difference lies in: the "dimension" and "time scale" through which they observe the market. Trendlin

Does it feel similar to the last time with 978?

Valuescan monitoring score 80, manage your positions well. For long positions, take profits when you should, let your profits run.

ETH/USDT
After Ethereum broke through the box structure, it showed triangular convergence oscillation at the lower timeframe level. The resistance above is around 2380, 2434, and 2600. Currently, according to valuescan capital flow analysis, the main capital shows no signs of outflow. If a long upper shadow appears near the upper resistance, it would indicate insufficient bullish momentum and that the main players might be distributing their positions. Chasing longs at this level is not advisable. It's best to focus on shorting from above. #

4H It is not recommended to chase more buys here. The trend line slope continues to increase, and we are in an ascending wedge pattern. Currently, a triangular convergence pattern has formed at the high. A direction breakout is needed, and both upward and downward moves are possible. For shorting, watch the 76-79 zone. If it holds above 80, stop losses should be triggered. A position staggering and averaging approach can be used. #伊朗确认拉里贾尼遇害