Market News | Daily Main Token Trends Overview

2023-08-09, 03:17

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

The 4-hour chart has formed a clear W bottom pattern, with the potential to form an inverse head and shoulders bullish pattern, focusing on the short-term support at $28.5K USD. If it holds, the target is to break through and aim for $36K USD.

TARA

Summary: The daily chart has surged over tenfold from the bottom, facing resistance at $0.01226 USD. Watch for a potential breakthrough, then targets are as follows: $0.0158 USD, $0.0287 USD, $0.0437 USD.

UNIBOT

Summary: Short-term positions are established at $137.23 USD and $157.56 USD. Achieving a new all-time high this morning may initiate the second wave of attacks. Subsequent highs are projected at $213.81 USD, $290.16 USD, $335.56 USD.

MC

Summary: Notable consolidation over the past 9 months with rising volume, potentially signaling significant price movement. Suggests breakout trades targeting: $0.2870 USD, $0.3855 USD, $0.4040 USD.

KAS

Summary: Short-term remains bullish unless it drops below $0.0427 USD. Conservative strategy recommends taking profits, while riskier approach waits for a breakout above $0.048 USD, targeting $0.0573 USD, $0.06135 USD.

XCN

Summary: The 4-hour chart continues to consolidate, with a potential bullish W bottom pattern. Short-term opportunities on dips, expecting consolidation to conclude in mid-August, targeting: $0.00126 USD, $0.00152 USD, $0.00172 USD, $0.00195 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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