$ETH ASR-VC indicator 4h channel status update: The expectation in the quote has been fully fulfilled, there is nothing to say, the pullback did not fall below the yellow line, which means that the strong bull trend still exists, so the price successfully reached the orange line position. However, from the perspective of trend momentum, the small channel of current price operation has moved down from the "overbought-orange" channel to the "orange-yellow" channel, which is generally a precursor to the need for shocks on the market. During the live broadcast last week, I saw that many people wanted to short ETH, so I was persuading the whole process to at least wait for the trend structure to change before considering it, not simply brainless... Back on the market, ETH is still fluctuating upwards along the "orange-yellow" channel, which in my opinion, has no other choice but to hold positions... If you want to take profits in a low-level long-term position, you need to wait at least for the middle track to fall below, and for a short-term position, you need to wait for the yellow line to fall below at least for it. Before these two key prices fall below, the best choice is to be a friend of the trend.
Crypto_Painter
Crypto_Painter25.7. klo 16.53
$ETH ASR-VC indicator 4h channel status update: ETH price has once again tested the yellow line on the oscillator channel due to BTC's rapid pullback, and its overall performance is currently much stronger than BTC. As long as the yellow line does not fall, then as long as BTC rebounds in the future, then ETH is very likely to over-rebound again to test the orange line, which is the red supply area at the current high. Purely from the trend structure, BTC has fallen into a situation where the bull trend has ended and fluctuated weakly, while ETH still maintains a strong bull trend. Although it sounds counterintuitive, the current ETH is the BTC of a year ago, while the BTC suppressed by the whale is now more like the previous ETH. Therefore, if you have any plans to increase your spot position and buy the bottom, I actually recommend choosing ETH instead of BTC...
Update: After ETH price reached the orange average resistance level, there was a slight pullback, and the quoted expectations have mostly been fulfilled; Next, we will see how long it can move along this new channel... Personally, I still hope it breaks 4000 before pulling back, as that would be better for sentiment~
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