Market News | Daily Main Token Trends Overview

2023-08-14, 02:13

The article is reprinted from the daily market overview of W-Strategy who is a guest streamer of Gate.io, a senior strategy analyst of cryptocurrency, and the founder of Wcollege. The article will analyze daily main token trends, short-term strategies, and long-term strategies for you in 3 minutes.

*The article is the original content of W-Strategy. Gate.io is only for reprint and distribution, and the copyright belongs to the author himself.

BTC

Condensed Commentary: Daily moving averages are aligning, with a convergent posture expected by the morning of August 22nd. Conservative bullish recommendation for long positions on a breakout above $30,888 USD or short positions on a drop below $28,535 USD, maintaining overall support along the purple uptrend line.

MC

Condensed Commentary: The 4-hour chart breaks through a large-scale convergent upper boundary. Last week’s entry positions ranged around $0.2568 USD, subsequently showcasing an upward movement to a peak of $0.3700 USD in the past two days, with a peak gain of 44.08%. Profit-taking is recommended. Long-term stability should be maintained around $0.2930 USD.

BAT

Condensed Commentary: Short-term moving averages are neatly arranged, aligning with a significant ascending triangle over the past 60 days. Long-term strategy awaits end-of-month posture. Pursue long positions upon breakthrough, sequentially targeting $0.2221 USD, $0.2307 USD, $0.2435 USD, and $0.26 USD. The key defense line remains the upward trend.

WLD

Condensed Commentary: Short-term grabbing strategy proves effective, with accurate base at $1.650 USD, as anticipated rebounding towards $1.714 USD, $1.745 USD, $1.790 USD, and topping at $1.845 USD, yielding a 10.12% rebound from the bottom. Long-term outlook remains bearish, advising observation for potential secondary bottoming.

PEPE2

Condensed Commentary: Rebound wave initiates high-level oscillation at $0.0𝟟1605 (Note: Indicating 7 decimal places). Bearish strategy suggests short positions upon breaking below $0.0𝟟1595 USD, targeting $0.0𝟟1277 USD. Note the potential for a Short Squeeze scenario due to a sudden surge in the MeMe sector.

KAS

Condensed Commentary: Daily chart purposefully maintains historical second high at $0.041015 USD. This week, observe if the secondary high can establish support at $0.041 USD. Stable support suggests light positions above $0.0403 USD. Upward potential targets include $0.0517 USD, $0.0573 USD, and $0.0613 USD.

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Author: W-Strategy

*This article represents only the views of the author and does not constitute any investment suggestions.

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