Weekly Analyze of Crypto Investing in August 2022
Date: Date: Aug 22 2022-Aug 26, 2022
This week, the crypto market is in a recovery phase after a rapid decline.
BTC’s heavy volume engulfed the Yin column last week destroyed the previous upward trend, and the attenuation of its volume and energy also shows that the market heat is not here. The daily line is bearish and rebounds weakly. Before stabilizing at 23200, the big cycle is expected to drop to 19000-19500 for the second time. The critical position is 22500, and the pressure range is 23000-23500.
The exchange rate of ETH against the broader market is at a high level, and there is an independent and strong market in the later period. The daily line fluctuated higher, and the trend did not deviate significantly from the trend line. The multi-period moving averages have begun to stick together and have a divergent upward momentum. After the consolidation, it is expected to continue to rebound. The support range is 1450-1500, and the pressure range is 1850-1900.
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.
This week, the crypto market is in a recovery phase after a rapid decline.
BTC’s heavy volume engulfed the Yin column last week destroyed the previous upward trend, and the attenuation of its volume and energy also shows that the market heat is not here. The daily line is bearish and rebounds weakly. Before stabilizing at 23200, the big cycle is expected to drop to 19000-19500 for the second time. The critical position is 22500, and the pressure range is 23000-23500.
The exchange rate of ETH against the broader market is at a high level, and there is an independent and strong market in the later period. The daily line fluctuated higher, and the trend did not deviate significantly from the trend line. The multi-period moving averages have begun to stick together and have a divergent upward momentum. After the consolidation, it is expected to continue to rebound. The support range is 1450-1500, and the pressure range is 1850-1900.
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.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.