Market News | Daily Main Token Trends Overview

2023-08-10, 02:46

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: In the short term, a potential bullish “head and shoulders” pattern is forming. It is suggested to consider entering a long position if there is a breakout above $30,888 USD or entering a short position if it drops below $28,535 USD. The overall structure should maintain the uptrend indicated by the purple line.

PEPE2

Condensed Commentary: As mentioned in the previous live session, in the short term, a rebound is anticipated with support around $0.001035 (Note: 7 decimal places). The next wave could target $0.002015. It is recommended to take profits in the short term. For the higher range, a target of $0.002220 suggests a continued bearish view.

ASTRA

Condensed Commentary: Having dropped 95% from its all-time high of $0.1732 USD and consistently falling below the crucial support of $0.01002 USD, the current bottom is around the Fibonacci sequence 0.382 neckline. If the bearish trend continues, the next targets could be $0.00585 USD and $0.00329 USD.

UNIBOT

Condensed Commentary: Positioned at $137.23 USD and $157.56 USD last week, the cryptocurrency continues to oscillate near its historical highs. A potential second bullish wave might lead to new highs at $213.81 USD, $290.16 USD, and $335.56 USD. Short-term holding is advised.

WLD

Condensed Commentary: The four-hour chart has breached the crucial support at the historical low of $1.845 USD, suggesting a potential short-term rebound. It is recommended to remain bearish at higher levels, with targets at $1.791 USD, $1.727 USD, and $1.624 USD.

KAS

Condensed Commentary: This week, a retracement scenario is anticipated. A bullish trend remains intact as long as $0.0427 USD is not breached. The most significant pullback space is around $0.0410 USD. A conservative approach suggests taking profits early, while a riskier approach waits for a breakout above $0.048 USD, targeting $0.0573 USD and $0.06135 USD.

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Author: W-Strategy

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

*The article’s content is original and the copyright belongs to the author. If reprinting is required, please indicate the author and source. In all cases, legal action will be taken due to copyright infringement.