$ETH ASR-VC indicator 4h channel status update: The upper edge of the orange average support band has failed at present, and the price has officially entered the orange channel, and the short-term overall will still maintain a structure of shock pullback; The trend structure is equivalent to returning to the momentum of the previous oscillation around $3,000, so if there is a pullback in the short term, the target will be along the $3,500 area under the orange channel. But I don't think ETH will have too deep a pullback, and after a strong trend is formed, re-forming a new turnover range through shocks is the only way for the trend to continue or reverse. Therefore, the current trading idea is to wait for the test of 3500 and try to take long until the price falls below the yellow line above the oscillation channel and then stop loss. Note: The channel parameters used here are the same general parameters as BTC, and ETH's own parameter set is more suitable for 15min-level channels.
Crypto_Painter
Crypto_Painter22.7. klo 14.57
$ETH After hitting the overbought line twice in a row in the channel under the ASR general parameter group, it finally started to weaken! At present, it seems to be inclined to pull back, but it is difficult to make a U-turn with such a strong trend, and the operating logic of the price in the channel is often carried out step by step. In the past, the price movement channel of ETH was the overbought line and the upper edge of the average pressure band, so if the trend momentum weakens, the next channel to fluctuate will be within the average pressure band, which is the orange channel. Therefore, the short-term correction target is likely to be around 3500, provided that the price can return to the orange channel (I personally think the probability is quite high, but there is indeed support at present). The criterion for maintaining a strong bullish trend is that the price does not fall below the yellow line above the oscillation channel, so even if there is a pullback, we cannot prematurely assume that ETH has entered a volatile market. On the other hand, BTC next door fell below the yellow line as early as 5 days ago, which can indeed be regarded as a volatile market, while ETH still does not recommend rushing to conclusions. If you do not enter the volatile market, it means that any short-selling behavior is not dominant, and the price will have a pullback, but the pullback is usually limited, and it is best to wait for the opportunity to go long at this time; Only when the end of the strong bull trend is confirmed, short selling is cost-effective.
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