The price of AICoin is trading sideways, while the altcoins are rising, increasing the risk.

CN
1 year ago

I, a commoner, have been working in Nanyang, striving to survive in the chaotic market, not seeking fame in the cryptocurrency circle, but seeking to be true to myself. I really like a quote from Robert T. Kiyosaki, "The love of money is the root of all evil, and poverty is the root of all evil." I believe that everyone in the cryptocurrency circle is here to profit. I hope that in the days to come, my market analysis can help everyone gain a lot in the cryptocurrency circle. The sea of learning is boundless, and learning is endless. Continuously increasing one's knowledge and combining one's own trading habits is the only way to survive and achieve one's ambitions in the cryptocurrency circle.

First, let's analyze the recent market trends of Bitcoin, Ethereum, Ord, and WLD.

Bitcoin: Bitcoin has been in a sideways process these days, with a range of 50,500-53,000. From a broad perspective, the bullish trend has not been disrupted, and the overall direction is still dominated by the bulls. The current trend is as expected, with the appearance of a sideways trend to repair the deviation of the moving average. Relatively speaking, the risk of going long is much higher than going short. I still see a high possibility of a deep retracement for BTC. On the hourly chart, the MA120 moving average has not been broken during the oscillation process, so the overall pattern has not been disrupted. When it starts to break the MA120 moving average, it will be the time when the bears start to release. On the 4-hour chart, the overall trend is in a range oscillation. My operating suggestion is to focus on short positions, and look for suitable entry points between 52,000 and 53,000 for short positions, with a short-term target around 47,300.

Bitcoin

Ethereum: Currently priced around 2900, from the hourly chart, it is still in an upward channel. The MA30 moving average has been broken, and if the position near the MA120 moving average at 2830 is broken, the upward channel will be broken, leading to a larger-scale market. Looking at the 4-hour chart, in the upward trend, the selling pressure is not very high. I believe the retracement amplitude will not be too large overall, and the probability of continued upward movement is still relatively high. I suggest trying both long and short positions: the first entry point for long positions is 2830, and a short-term long position can be attempted. The second entry point for long positions is 2550, which I believe will not be easily broken, and the probability of making money by entering at this point will be very high. For short positions, it is recommended to try above 3050.

Ethereum

Audi: On the hourly chart, all three lines of Audi have been broken, and they have not been recovered temporarily. The market trend is weak, and it may be safer to go short. The upper resistance level is around 73. Looking at the 4-hour chart, the MA30 moving average has already been broken, and the MA60 moving average is just crossing at the current price. In the short term, the possibility of touching the MA120 moving average is relatively high, including high short positions in the core group, which can take profit around 62.5-63. My suggestion is: temporarily not considering going long on Audi, focus on going short, and take profit around 62.5-63.

Audi

WLD: This coin has recently seen a relatively large increase and belongs to the AI sector, a coin related to artificial intelligence, with a very small circulation of only 143 million. It has nearly tripled from the low, and from the daily chart, it is rising with multiple bullish candles, making it difficult to determine the top position. However, analyzing from historical highs, it is very likely that a bullish candle will reach around $10 on the daily chart. If it does not hold, it is likely to reach the top. If the second bullish candle is higher than the previous one, I cannot estimate the subsequent increase, and the market is still in a process of high-level consolidation and decline. It is best not to short this kind of coin, and I don't think it has reached the top yet. It is advisable to consider buying spot positions later, and it is not recommended to play risky contracts for the time being. If you look at the hourly chart, it may continue to rise after a retracement near 6.5, so my suggestion is: buy spot positions near 6.5 and sell near $10. If you are trapped, it is recommended to stop loss if it falls below $6.

WLD

All the above suggestions are personal opinions and do not constitute investment advice. The cryptocurrency circle is risky, so caution is needed in operations.

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Bitget:注册返10%, 送$100
Ad
Share To
APP

X

Telegram

Facebook

Reddit

CopyLink