Yueying: BCH Prince is waiting for a short-term bottom to break the small range, bullish on SOL at 153.

CN
1 year ago

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The more diligent and hardworking you are, the more disciplined and outstanding you become. I am Zhou Yueying, focusing on the trend analysis of mainstream coins, and providing insights into the market based on my own technical expertise.

First published on the official account. For friends who want to verify my capabilities, follow the official account at the end of the article to find Yueying. There are daily real-time price strategy suggestions in the Moments. Let's take a look at today's sharing!!

BCH Looking at the daily chart, the market has once again fallen below the 60-day moving average and is currently running below it. There are signs of the Bollinger Bands contracting. The short-term moving average and the 60-day moving average have formed resistance due to their close proximity. This area needs special attention. The MACD fast line has crossed below the zero axis and continues to run with decreasing volume bars. The KDJ has turned downwards, showing signs of forming resistance near the 20 value. The VR index is consolidating near the 40 value. Looking at the four-hour chart, the candlesticks have been continuously piercing up and down, maintaining a range-bound oscillation. The Bollinger Bands are beginning to contract. There are signs of the MACD fast line turning upwards and the volume bars decreasing. The KDJ has a three-line crossover extending upwards, and the VR index is consolidating near the 70 value. The first resistance above in the short term is at 495, the second resistance is at 525, the first support is at 460, and the second support is at 440. Short-term trading can refer to the range for entry.

SOL Looking at the daily chart, the market rebounded but was resisted by the 60-day moving average, leading to consecutive declines. The Bollinger Bands are running downwards with signs of flattening. After the MACD fast line turned, it once again formed resistance and ran flat with decreasing volume bars. The KDJ turned downwards and formed a crossover, and the VR index is consolidating near the 70 value. Looking at the four-hour chart, the candlesticks fell below the 60-day moving average and received support at the lower band. The Bollinger Bands are in an open state. The MACD fast line is extending downwards with decreasing volume bars, and the KDJ shows signs of turning and forming a crossover. The VR index is consolidating near the 100 value. It is worth noting that the RSI indicator has entered the oversold zone. Overall, although the market is in a weak position, it is not advisable to blindly chase short positions. The first resistance above in the short term is at 153, the second resistance is at 165, the first support below is at 137, and the second key support is at 126. Short-term trading can refer to the range for entry.

—I am Zhou Yueying, a teacher dedicated to technical analysis. If you have any questions about operations or trends, you can communicate and learn with me! Let's exchange ideas and profit together! Official account: I am Zhou Yueying, V-blog: Financial Expert Zhou Yueying

Article publication is subject to review delays, and market conditions change rapidly. The above suggestions are for reference only, and risks are self-assumed! The market changes constantly every day. All I can do is to provide some weak assistance based on my many years of practical experience, so that everyone's investment decisions and management can be on the right track. Meeting is fate. I am a person who believes in fate. If you have any doubts or questions in the coin circle, you can pay more attention to Zhou Yueying, and I believe it will be helpful to you.

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