ASR - VC Indicator 4h Channel New Dynamic Interpretation
Currently, the ASR - VC Indicator 4-hour channel has new developments.
After the price retraced to the mid-line, it has temporarily received support at this moment.
Its short-term upward target is at the position of the yellow line; however, considering that the price corresponding to the yellow line has already reached 100,000, as long as a strong rally can occur again at this point, then the direction of this market wave will head towards testing the 100,000 price level.
On the other hand, due to the relatively weak rebound strength near the mid-line, if the price falls below the mid-line, it is very likely to trigger further corrections, leading to a drop to the cyan line.
So far, a specific range has been constructed between the high and low price levels of the oscillating channel.
You can clearly see the specific distribution of this range on the white line in the chart.
To be fair, in the upcoming phase, that is, before the next round of trend actions officially begins, various behaviors such as oscillation fluctuations and false breakouts that occur within this range can actually be seen as a gradual accumulation process of price momentum.
When the price is above the mid-line, the overall situation is more favorable for the bulls;
Whereas if the price is below the mid-line, the situation will tend to favor the bears.
It is especially important to note that if the price shows a shrinking oscillation near the mid-line, investors must restrain themselves as much as possible and avoid blind and arbitrary operations to prevent falling into unnecessary risks.
