Weekly Analyze of the Crypto Investing in October, 2022
Date: Oct 1,2022-Oct 8,2022
This week, the crypto market went out of a rebound and repaired the market, but the trend is still not strong, and the overall situation is volatile.
BTC's weekly highs and lows are raised, and this weak rebound will be maintained before effectively breaking through 18900. The daily line chose to break up after converging on the 3rd, and broke the previous high point. It fell back after encountering the resistance of the Fibonacci 50% of this section and the horizontal resistance level of 20500. It is currently running near the lower edge of the upward channel. The support range is 18500-19000. If the structure breaks down and relays, the support will be around 16500-17000 and the resistance range will be 20500-21000.
Before ETH's weekly break of 1270 turned negative, it continued to rebound to repair expectations, but it needs to break through 1400-1420 to open the upward range. The daily line has been arranged in a narrow horizontal range, and it is currently at the upper edge of the low-level shock range, which is approaching the end of the convergence pattern. The support range is 1250-1300, and the pressure range is 1450-1500.
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.
(All for reference only, plz invest rationally)
This week, the crypto market went out of a rebound and repaired the market, but the trend is still not strong, and the overall situation is volatile.
BTC's weekly highs and lows are raised, and this weak rebound will be maintained before effectively breaking through 18900. The daily line chose to break up after converging on the 3rd, and broke the previous high point. It fell back after encountering the resistance of the Fibonacci 50% of this section and the horizontal resistance level of 20500. It is currently running near the lower edge of the upward channel. The support range is 18500-19000. If the structure breaks down and relays, the support will be around 16500-17000 and the resistance range will be 20500-21000.
Before ETH's weekly break of 1270 turned negative, it continued to rebound to repair expectations, but it needs to break through 1400-1420 to open the upward range. The daily line has been arranged in a narrow horizontal range, and it is currently at the upper edge of the low-level shock range, which is approaching the end of the convergence pattern. The support range is 1250-1300, and the pressure range is 1450-1500.
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.
(All for reference only, plz invest rationally)