BitOfferEN

The market rose. Daily analysis-2020/05/29

HTX:BTCUSDT   Bitcoin / Tether USD


The early market rose across the board with ETC and ETH active. The increase is more than 3% and BTC performance is weak, there is an obvious stagflation state. From the 1-hour level trend, the early market in the impact of $9600 after the hindrance fell back, the k-line appeared top deviation phenomenon, and the impulse can obviously not keep up with the trend. A short-term adjustment is required and the current average collective upward rise, which shows the longs still lead the head. Pay attention to the following $9400 line support and buy in at a low is advised.

ETH performed strongly again. On the trend of the daily line, it began to impact a sharp fall since the rebound high $227 position, in the 4-hour level k-line, after breaking the $210pressure, the bulls further pulls up, the k-line cross over, the volume appears dense accumulation. The longs will be strong in the near future and pay attention to whether ETH can break through the former high $227 position and completely open up the uplink space.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.