11/2/ETH 3-hour high is bearish and engulfed; European market is short...

ETH/day chart: Ethereum strengthened after yesterday’s shock and closed a positive line pattern with a lower lead. The closing price failed to effectively break through the previous high of 1872 at 1848; there was a slight surge during the day and the highest price reached 1876 and quickly fell back; It indicates that 1875-1880 has a strong suppressive effect; for the bulls yesterday, the adjustment was not sufficient and do not chase the market at will; you can continue to maintain the bullish thinking, but it is recommended to keep waiting and waiting until there is no reasonable adjustment structure; if today's day The line cannot stand above 1880 and is expected to continue to fall~!

ETH/3 hours: The price trend in 3 hours is high and volatile, and there is a false breakthrough during the day, reaching as high as 1876 and then falling quickly; in 3 hours, it will close a group of bearish engulfing patterns after a false breakout; it indicates that the probability of a fall during the European session is greater than that of bulls continuing to rise. ; After the engulfing pattern is harvested, short positions can be appropriately stepped in to defend 1880-1882. The target is the 1830-1815 range; short positions are not recommended during the European trading period and it is not recommended to chase the long market!

Recommended ideas [long]

Support 1730-1700/Resistance 1810-1850