Looking at this wave, let's discuss the 4-hour trend of Erbing.
From the chart, Erbing's 4-hour rounded bottom has basically formed, aligning with the 1:1 expectation, but the problem is it hasn't broken through the consolidation zone on the right side, and it hasn't even stabilized at the small high point indicated by the white arrow on the left. To continue rising, it must firmly break through the resistance level at 3152. Looking back at the yellow box on the left, it was only after breaking through 3152 that the upward trend to 3446 was established. Now, 3152 is a hurdle; breaking through it means continuing upward, but if it can't, a pullback is inevitable.
Trading ideas based on this view:
If there is a volume-supported breakout above 3102 on the right side, consider going long; if it drops below 3090 with volume, consider going short. Focus on volume changes and set proper stop-losses.
On the hourly level, as long as it stays above 3112, expect it to move towards the 3152 to 3233 range.
The 4-hour defense line is at 3075; once broken, look towards the 3030 to 2998 range downward.
On the daily chart, Erbing has successfully broken out of the triangle and stabilized, with the closing price above the triangle. As long as subsequent pullbacks do not re-enter the triangle, we can expect upward movement towards 3248 and 3456. The key condition is that during the pullback, it can only oscillate at the upper boundary of the triangle and must not fall below the 3002 bottom line. If it breaks below 3002, all bets are off.
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OnchainDetective
· 01-06 13:22
This hurdle at 3152, according to on-chain data, has a relatively high probability of breaking through, but trading volume is the key to a breakthrough.
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TokenomicsShaman
· 01-06 09:02
3152 can't break through, so I have to kneel again. It seems like recently, Erbing just likes to get stuck at this position. It's really annoying.
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SchroedingerGas
· 01-05 07:20
This hurdle at 3152 really blocks people, but the daily triangle breakout still seems promising.
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Layer2Observer
· 01-04 09:14
This hurdle at 3152 is indeed crucial, but I think we need to first see if the volume supports it. There have been too many false breakouts before.
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QuietlyStaking
· 01-03 13:57
3152 can't be broken through, so it has to retest. This wave is a bit stuck...
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ExpectationFarmer
· 01-03 13:56
You have to tough it out at 3152, or it'll pull back again. So annoying this kind of market.
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GraphGuru
· 01-03 13:53
Key level at 3152, if it can't break through, it feels like it's going to oscillate again.
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ReverseTrendSister
· 01-03 13:47
If 3152 can't be broken through, just wait to be smashed. It feels like we're about to go through another round of turbulence.
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GetRichLeek
· 01-03 13:41
This hurdle at 3152 depends on whether the big players want to push today. I bet it will break through.
Looking at this wave, let's discuss the 4-hour trend of Erbing.
From the chart, Erbing's 4-hour rounded bottom has basically formed, aligning with the 1:1 expectation, but the problem is it hasn't broken through the consolidation zone on the right side, and it hasn't even stabilized at the small high point indicated by the white arrow on the left. To continue rising, it must firmly break through the resistance level at 3152. Looking back at the yellow box on the left, it was only after breaking through 3152 that the upward trend to 3446 was established. Now, 3152 is a hurdle; breaking through it means continuing upward, but if it can't, a pullback is inevitable.
Trading ideas based on this view:
If there is a volume-supported breakout above 3102 on the right side, consider going long; if it drops below 3090 with volume, consider going short. Focus on volume changes and set proper stop-losses.
On the hourly level, as long as it stays above 3112, expect it to move towards the 3152 to 3233 range.
The 4-hour defense line is at 3075; once broken, look towards the 3030 to 2998 range downward.
On the daily chart, Erbing has successfully broken out of the triangle and stabilized, with the closing price above the triangle. As long as subsequent pullbacks do not re-enter the triangle, we can expect upward movement towards 3248 and 3456. The key condition is that during the pullback, it can only oscillate at the upper boundary of the triangle and must not fall below the 3002 bottom line. If it breaks below 3002, all bets are off.