Ou Yi OKEx investment research | Coinbase rose sharply on the first day of listing, how will it affect the currency circle?
OKEx BTC/USDT Perpetual Contract:
OKEx BTC/USDT Perpetual Contract:
News: Coinbase was listed on Nasdaq last night as scheduled. After the start of trading, the highest increase exceeded 70%, and the final closing price rose by 31.31%. The price-to-earnings ratio (TTM) was as high as 189, which shows that the market is very enthusiastic about the first stock of the encrypted asset trading platform. . With the official listing of Coinbase, the hype accompanying the event will also come to an end, and the subsequent correlation will be more about the mutual influence between market conditions.
Secondary market: Yesterday, the currency price stagflated and fell back near the highest impact of 65,000 integers. During the period, it once fell back to the previous high of 61,889, but then quickly pulled back and moved upward along the MA30 moving average in the 2-hour chart. The current moving average combination (MA30, MA60 still maintains a long-term arrangement), and the double line of the MACD indicator continues to show no signs of divergence above the zero axis. However, the rebound trend since last night has shown a shrinking trend.
The long-term, medium-term, and short-term trends still maintain a good upward pattern, but because of the shrinkage, the probability of continuing to rise sharply in the short term is relatively small, and the probability of oscillating in the high area is greater. Next, pay attention to the 61900-62500 support area and fall back to this area. As long as there is no obvious heavy volume, there is a high probability that it will stop falling and rebound.
Support: 61900--61000--59600
OKEx ETH/USDT Perpetual Contract:
OKEx ETH/USDT Perpetual Contract:
ETH continues to outperform Bitcoin, hitting an all-time high just before press time. The recent strength of Ethereum is not unrelated to the upcoming "Berlin" hard fork upgrade, which includes various optimizations to the contract, covering Gas efficiency, updating the code reading method of the Ethereum Virtual Machine (EVM) and preventing Other changes for DDOS attacks etc. At present, the currency price is still in a rising pattern, the moving average combination is arranged in a long position, the low point is constantly rising, and the trading volume remains active.
It can be seen that the current upward trend is still very intact, and there is no obvious stagflation signal. It is king to continue to take advantage of the trend. Next, the short-term trend will focus on the 2395 first-line support. If it does not break, it means that the short-term will still remain extremely strong. For longer support, look at the 2290 line.
Support: 2395--2290--2205
Resistance: 2500--2600--2700
Ouyi OKEx SUSHI spot (the official account of the marketing department does not publish the content of this currency)
The trend of SUSHI is basically the same as yesterday’s expectation. As expected, there will be a short-term adjustment but the upward trend has not changed. The price of the currency has rebounded rapidly. Today’s highest was close to the previously mentioned strong resistance of 18.5. At present, stagflation has reappeared, but judging from the continued active trading volume, the decline is expected to be limited. Below, we will first focus on the 17.2 first-line support, and if it breaks, we will further focus on the 16.7 first-line support. The probability of this support being broken is very small . At the same time, due to the strong first-line resistance at 18.5, it is unlikely that there will be a substantial breakout in the short term, so don't blindly chase the rise and intervene, and focus on buying low.
Support: 17.20--16.70--16.00
Resistance: 18.50--19.20--21.00
