Market News | Daily Main Token Trends Overview
The article is reprinted from the daily market overview of W-Strategy who is a guest streamer of Gate.io, a senior strategy analyst of cryptocurrency, and the founder of Wcollege. The article will analyze daily main token trends, short-term strategies, and long-term strategies for you in 3 minutes.
*The article is the original content of W-Strategy. Gate.io is only for reprint and distribution, and the copyright belongs to the author himself.
BTC
Key Comments: Last week, it broke through the highest point in the past year and reached the $31,450 mark. The quarterly cycle continues to challenge the end-of-rise wave, with the top targets at $36,500 and $41,550. Conservative long positions are still recommended after breaking and stabilizing above the $30,750 mark for continued bullish operations.
BCH
Key Comments: Among mainstream coins, BCH is leading the rise concept. The bullish factor is that the exchange EDX supports one of the four major currencies, including BCH. The rebound has almost reached the level of $267.17 this morning. If the recommended operational strategy has already gained a profit of 285.5%, it is expected to continue rising.
ETH
Key Comments: Strictly adhere to the quarterly average strategy. Yesterday, it briefly surged to $1,880.00 and continued to hold the strategy at the $1,804 mark. The long-term strategy awaits a retest of the $2,000 mark before the midterm trend shifts from bearish to bullish.
GT
Key Comments: As one of the top three Asian exchanges, its market value is still relatively low. The daily chart forms a large-scale convergence triangle, and the long-term bullish target has been mentioned in the live broadcast. The future outlook is promising. In the short term, it continues to hold at $3.9220.
BNB
Key Comments: The daily trading volume is relatively weak. In the short term, it maintains stability above the $230.60 mark on the 4-hour chart, remaining below the short-term moving average. It continues to hold strong support at $220.20, and there is a chance that the downside target could reach the $206.10 mark.
EOS
Key Comments: The weekly chart of EOS has fallen to a five-year low at $0.6226. The downside targets are given as follows: $0.6045, $0.5530, $0.5156, $0.4900, $0.4623, $0.4314, and the bottom price of $0.3770. Continue uting short positions with a strict risk-reward ratio.
ID
Key Comments: The short-term rebound is over, and it continues to decline. Pay attention to the descending triangle forming on the hourly chart. Strictly hold the support at $0.26195, with the bottom support at $0.24922. It is estimated to continue oscillating and declining. The long-term strategy strictly holds at $0.24922.
XRP
Key Comments: On the 4-hour chart, it approaches the upper trendline of the ascending trend, and it is important to monitor whether it will break below the large-scale upward trend. If it breaks, it is recommended to exercise caution. The support below is at $0.4379.
LTC
Key Comments: The bullish momentum of the halving market has diminished. The bullish trend strictly holds at the $80.68 mark, and further upward movement can target the resistance level at $120.15. In the past week, there was a pullback to the $90 mark, and in the short term, it is crucial to hold firmly at $83.70.
TRX
Key Comments: The daily chart continues to rise, but there is still room for short-term retracement. The support levels are at $0.07162 and $0.06455, while the weekly support is at the $0.06328 mark. If the trading volume continues to rise along with the overall market, it could aim for the resistance levels at $0.09450 and $0.10450.
ADA
Key Comments: There is no significant bullish pattern, and it continues to retrace towards $0.2544. The short-term rebound is weak, and the resistance level at $0.3050 has been reached. The key support targets below are $0.1621 and $0.0893, with a historical low of $0.0176 for ADA to keep in mind.
For more details, please follow W-Strategy | post account:
https://www.gate.io/post/AxMRBAQDWVVVBl9QQgO0O0OO0O0O555
