Weekly Analyze of the Crypto Investing in October, 2022
Date: Oct 10,2022-Oct 14,2022
After a few days of small fluctuations in the crypto market this week, the news affected the downtrend and got a rapid recovery.
BTC’s weekly line stood back at 19400, maintaining a volatile upward trend. The daily line converges at the end of the pattern and rebounds quickly after the lower edge of the pin. There is an expectation of a change in the structure, and it is currently consolidating near its upper edge. If there is a strong and narrow range arrangement above 19200-19500, there will be a momentum to test the range of 20400-20600 again. If it continues after that, it will get rid of the current shock and walk out of a trend. The support range is 18700-19200, and the resistance range is 20800-21200.
The center of gravity of ETH's weekly line has been raised, and it still runs within the box range of 1200-1400. The daily line falsely broke down at the low point line and closed the long shadow, and then broke the recent high point line. The current strong rebound is maintained above 1280-1300. The support range is 1250-1280, and the pressure range is 1380-1420.
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.
After a few days of small fluctuations in the crypto market this week, the news affected the downtrend and got a rapid recovery.
BTC’s weekly line stood back at 19400, maintaining a volatile upward trend. The daily line converges at the end of the pattern and rebounds quickly after the lower edge of the pin. There is an expectation of a change in the structure, and it is currently consolidating near its upper edge. If there is a strong and narrow range arrangement above 19200-19500, there will be a momentum to test the range of 20400-20600 again. If it continues after that, it will get rid of the current shock and walk out of a trend. The support range is 18700-19200, and the resistance range is 20800-21200.
The center of gravity of ETH's weekly line has been raised, and it still runs within the box range of 1200-1400. The daily line falsely broke down at the low point line and closed the long shadow, and then broke the recent high point line. The current strong rebound is maintained above 1280-1300. The support range is 1250-1280, and the pressure range is 1380-1420.
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.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.