OKEx Investment Research: The key resistance is finally broken, and the rally is expected to continue

特邀专栏作者

2020-06-23 20:22 (UTC+8)

This article is about 1923 words, reading the full article takes about 3 minutes

The deadlock has just been broken for many days, and the probability of "flame-off" in the short term is not high, and it is expected to continue to rise after minor adjustments.

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The deadlock has just been broken for many days, and the probability of "flame-off" in the short term is not high, and it is expected to continue to rise after minor adjustments.

The screenshot is from the 1-hour chart of the OKEX BTC/USDT perpetual contract: For the market, there are two perspectives, one is the objective trend status and the coping strategies formulated according to the objective trend, and the other is the subjective prediction based on experience. Actual trading is mainly based on coping strategies under objective trends. Subjective forecasting is more of a prospect or entertainment for future development. It cannot be used directly as a trading strategy. The main purpose is to prepare psychologically for potential risks and opportunities in advance .

BTC/USDT Perpetual Contract

The nature of each level: daily line - consolidation, 4 hours - consolidation, 1 hour - rise

The current objective trend and coping strategies: In the evening review last Friday, we said such a point of view: 8550 (relatively sustainable is around 8500) is the main contradiction in the mid-line market, as long as the price is not clearly broken, then the mid-line is Long-term pattern; 9700 (relatively sustainable is around 9600) is the main contradiction in the short-term market, as long as the price does not break through this price, the short-term trend is a bearish pattern.

But now the medium-term bullish pattern (not an upward trend, but a bullish consolidation situation) has not changed, while the short-term bearish pattern has been broken because of the 9600 breakout. At the same time, the trading volume has been moderately enlarged, and the kinetic energy indicator MACD has not shown any top divergence. That is to say, the medium and short-term trends are now favorable to bulls, so our operation strategy should continue to focus on bulls.

However, since the midline trend is not an upward trend, but a more consolidation (the consolidation zone is mainly located at 8500-10100), so don't be blindly overly bullish, because being too optimistic about the market will easily lead to chasing up, and chasing up in the consolidation market Rise is the most taboo method of operation.

It is recommended to pay attention to the 9550 line in the future. This price can be regarded as the short-term strength and weakness dividing line. That is to say, as long as the market adjustment does not break the support, it can be regarded as a benign adjustment. If you follow this line of thinking to make long orders, it is more reasonable to use the stop loss below 9550 (such as 9450). For the upper resistance, focus on the upper edge of the midline consolidation zone around 10100, and do not be overly bullish until it breaks through effectively.

resistance and support

Resistance: 9800--10100--10500

The nature of each level: daily line - consolidation, 4 hours - consolidation, 1 hour - rise

ETH/USDT Perpetual Contract

The nature of each level: daily line - consolidation, 4 hours - consolidation, 1 hour - rise

The screenshot is from the 2-hour chart of OKEX ETH/USDT perpetual contract: the current objective trend and coping strategies: the opinion in the commentary last night was that if Bitcoin continues to rise, then the probability of ETH’s rise will be stronger. Judging from the actual trend Basically in line with expectations.

At present, the currency price has also broken through the recent important short-term resistance level of 237, and from the perspective of callback strength and trading volume, the commitment of many parties is not bad. Then it is recommended to focus on the 237 line next. This price is regarded as the short-term boundary between strength and weakness. If it does not fall below, it is not strong. Even if there are more obvious signs of rebounding above this price). The upper resistance level focuses on the 250 line (the key resistance of the mid-line market), do not chase up when it is close to strong resistance, the risk is greater than the opportunity.

Resistance: 245--250--260

resistance and support

Resistance: 245--250--260

The nature of each level: daily line - down, 4 hours - consolidation, 1 hour - consolidation

EOS/USDT Perpetual Contract

The nature of each level: daily line - down, 4 hours - consolidation, 1 hour - consolidation

The screenshot is from the OKEX EOS/USDT perpetual contract 4-hour chart: the current objective trend and coping strategies: Compared with ETH and BTC, EOS is still the one that can’t afford it. This is the character of the coin, just like human nature. It is difficult to change one's nature.

At present, the rebound of the currency price is once again suppressed by the first-line resistance of 2.61, and this round of rebound lacks the capacity to cooperate. Don't have high expectations for the continued rise, and continue to treat it with a shocking thinking. The shock zone focuses on 2.41-2.61. Mainly, near the lower edge is mainly to buy low and do long, which is the so-called selling high and buying low.

resistance and support

Resistance: 2.61--2.70--2.80

Support: 2.55--2.50--2.45

Disclaimer: The content of this column does not constitute any investment advice, and the content is not prepared for any individual investor's specific investment objectives, financial situation and individual needs. Investors should not only invest according to the contents of this column. Before making any investment decision, investors should consider the characteristics of the product, their own investment objectives, acceptable risk level and other factors, and seek professional advice as appropriate.

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