Weekly Analyze of Crypto Investing in August 2022
Date: Date: Aug 8, 2022-Aug 12, 2022.
The crypto market has seen a general uptick this week.
BTC closed the adjustment K-line last week, and this week came out of the rising relay and hit a recent high. The daily volume can be moderate, and the trend is relatively slow. At present, it is hitting the Fibonacci 50% rebound level of the upper edge of the channel and the falling band. There are signs of resistance, and the market is expected to repeat. Therefore, the trend still needs a defensive range of 22500–23000 and a pressure range of 25500–26000.
ETH's weekly line is out of a strong positive trend again. However, in the face of MA120, the level and the multiple resistance of the 2000 integer mark, can the current trend be maintained. Focus on the strength of the retracement, and the defensive range is 1650–1750. The daily line is in the process of the third period of volatility and rising, which has slowed down compared with the previous two trends. Beware of rapid rises and false breakthroughs. Pressure range 2050–2150.
Vtrading is a crypto trading platform providing smart coin trading strategies for every trader. If you are using Vtrading smart crypto trading bots, the Grid and Martin strategy are suggested for spot market, and the SMT strategy for futures market.
The crypto market has seen a general uptick this week.
BTC closed the adjustment K-line last week, and this week came out of the rising relay and hit a recent high. The daily volume can be moderate, and the trend is relatively slow. At present, it is hitting the Fibonacci 50% rebound level of the upper edge of the channel and the falling band. There are signs of resistance, and the market is expected to repeat. Therefore, the trend still needs a defensive range of 22500–23000 and a pressure range of 25500–26000.
ETH's weekly line is out of a strong positive trend again. However, in the face of MA120, the level and the multiple resistance of the 2000 integer mark, can the current trend be maintained. Focus on the strength of the retracement, and the defensive range is 1650–1750. The daily line is in the process of the third period of volatility and rising, which has slowed down compared with the previous two trends. Beware of rapid rises and false breakthroughs. Pressure range 2050–2150.
Vtrading is a crypto trading platform providing smart coin trading strategies for every trader. If you are using Vtrading smart crypto trading bots, the Grid and Martin strategy are suggested for spot market, and the SMT strategy for futures market.
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