Wednesday morning strategy

CN
1 year ago

We have the ability to achieve a flagrant victory, do not give up, we dare to win! Unstoppable, good morning.

From the daily chart level, the running channel is in a state of contraction, but the price correction is weak and powerless, and the bullish volume continues to be released. Although accompanied by a phase of substantial consolidation, there is no sign of shrinking volume. The moving average oscillation drives the oscillation of the small cycle, but the space does not give way to a downward adjustment. The correction is only to further accumulate strength for recovery. Our strategy is still to go long at the low level.

From a technical perspective, on the weekly chart level, the price surged and slowly corrected, forming a slightly downward opening state in the running channel, but it effectively turned positive and recovered. The volume is in a state of shrinking on the short side, and the moving average oscillates and gradually turns upward. The downward trend is limited, and the downward movement cannot be sustained, and the state of oscillation repair is further transformed.

Li Xingguo suggests going long directly for Bitcoin around 26100 with a target of 26700.

For Ethereum, going long directly around 1585 with a target of 1660.

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