The market remained a weak adjustment as all the major tokens plunged. The BTC market hovered around the level of $6,300. As for now, the MACD of the 1-hour chart was weakened, which means the adjustment has not over. We need to be careful that a dead cross shows up in the MACD of 4-hours chart. Once the dead cross shows up, the market would tend to step back to the support at $6,000, which is also the position of the MA20. In the short term, the overall situation does beneficial to the shorts. if it breaks the support at $6,250, short it and stop-loss at $6,300.
From the movement of the ETH market, it failed at breaking the $135 mark several times. The low volume kept telling us that it was a temptation, and the market would fall back. The 1-hour chart and 4-hours chart are weakened, and the MACDs are almost into the zero axis. We should be careful and focus more on the support at $131.
#Cryptocurrency #BTC #BTCUSD #ETH #ETHUSD
From the movement of the ETH market, it failed at breaking the $135 mark several times. The low volume kept telling us that it was a temptation, and the market would fall back. The 1-hour chart and 4-hours chart are weakened, and the MACDs are almost into the zero axis. We should be careful and focus more on the support at $131.
#Cryptocurrency #BTC #BTCUSD #ETH #ETHUSD
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.