BitOfferEN

The whole market rose. Daily analysis-2020.05.16

HTX:BTCUSDT   Bitcoin / Tether USD
The whole market rose but BTC trend was relatively weak. In the 1-hour level K-line chart, the average line began to flatten, and the volume continued to decline, which indicates that both long sides began to maintain a short-term balance, and the market is about to change. In the short term, Pay attention to the risk in the short term and focus on the support $9200 and stop loss when breaking this point.

Eth surged higher and fell back. Judging from the trend of 1-hour level, the MACD index red pillars contracted and the K-line continuously appeared long overhead line. There was a large pressure near the $204, and there would be a callback demand in the short term. However, at present, the average line keeps a long-term arrangement, and the long-term average line is still in an upward trend. Note that the lower support $200.

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.