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As the US presidential election approaches, PEOPLE has shown impressive performance when Trump expressed support for Cryptocurrency, followed by speculative opportunities.
Technical Analysis
1. Yesterday's small spiral Bearish line touched the upper channel resistance, daily candlestick KD Overbought exists theoretical pullback risk in the short term
2. support: fibo0.236 corresponds to EMA moving average + channel lower track
Pressure 1: Recent high point 0.9 corresponds to fibo 0.5 + channel upper rail
Pressure 2: The highest points of the left shoulder and right shoulder correspond to fibo 0.618 (key resistance)
3. In the operation of the channel, the technical trend is relatively standard, and the overall trend remains relatively stable in the case of significant Fluctuation in the short-term market.
4. After the breakout of the 4H triangle, there is a theoretical probability of a pullback test of the support. Combining the operating rules, the performance of the Oversold and Overbought of the KD indicator within the channel provides a more ideal reference——OversoldLong, OverboughtShort
5. Currently in the pullback stage, pay attention to swing trading long opportunities for buying at low positions.
6. The MA moving average shows long positions arrangement, and the MACD short-term is showing a death cross signal at the 0 axis. Since it is above the 0 axis, in the future, you can seize the potential opportunity of a secondary buy signal.
Trading Strategy:
0.075-0.08 batch layout Spot, stop loss 0.065, take profit 0.095-0.1-0.12
The above views are for reference only. Trading risks are at your own risk. Pay attention to Position and risk control.