At the end of the holiday, can mainstream currencies break through the consolidation range?
Today’s BTC remained oscillating below 7900 for most of the time. The rebound after reaching the lowest line of 7765 failed to break the short suppression around 8000. The trend still needs further shocks to accumulate strength. Recently, BTC will continue to look for opportunities to rebound In the short term, the shock range has reached 7700-7900, and the 8000 mark has begun to form a strong pressure, and the low shock will continue. The top is concerned about the breakthrough and stabilization of 7900. If you can go to the next In the hourly chart, the MA30 moving average is at 7920, and there is a chance to call back and follow up with long orders. The support continues to focus on 7700, and it is optimistic that there will be a chance of a fall today.
Today, ETH has fluctuated upwards after breaking through the lowest level of $168. It has returned to the hourly Bollinger Band middle track. However, the previous support of 173 has turned into upper resistance, which is suppressed by the Bollinger Band upper track and the MA60 moving average. There is still the possibility of another fall before returning to the top of $173. The MACD in the attached figure shows a trend of returning to the top of the zero axis again. In general, the trend has not yet broken the large range of 165-185, just like BTC’s 7700- The 8500 large range will still maintain a relatively long low-level oscillating trend before forming an effective breakthrough on the support and resistance of the range. This is also the repair stage after the deep decline occurs. Those who operate within the range can continue to use light positions. Sell high and buy low Strategy, today you can follow up the short order above $173, and take profit at $168.
XRP went up alone today, with an increase of more than 5% at one point. At the current stage when mainstream currency transactions are relatively flat, XRP has earned enough attention. However, XRP is a mainstream currency that does not lack attention. Although today’s upward trend on the daily chart returns to the Bollinger Bands Above the middle rail, but it is still easy to fall back again. If it can stabilize above the middle rail of the Bollinger Band at 0.262, it can stay in the upward space for finishing, and wait for an opportunity to go up again and break the Bollinger Band space that has begun to shrink. It is recommended to wait After stabilizing, follow up the long orders around 0.26 to around 0.28. This point is also a key point for finishing before the deep fall. The long orders should not be too aggressive. Whether it is the accumulation of income in shocks, or the expansion of income in long-short heavy volume, Jiayong will bring you the most comprehensive analysis and suggestions to help you finally achieve ideal results.
