Market News | Daily Main Token Trends Overview

2023-08-24, 02:09

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

Summary: The daily chart shows diminishing rebound volume, with short-term attention on whether it can hold above the resistance at $26,510 USD. Immediate upward pressure is at $26,975 USD. The medium-term trend remains bearish, with a strong defense line at $24,200 USD.

ETH

Summary: After two declines within the upward trend, there’s a retest of the key resistance at $1,694 USD, attempting to break through the $1,700 USD mark. The short-term trend is expected to oscillate within a converging triangle, with a lower support line at $1,631 USD.

LTC

Summary: In yesterday’s livestream, the possibility of an unusual “Wave Chee” pattern on the 4-hour chart was mentioned. Short-term stability continues at the support of $64.56 USD, with resistance above at $70.95 USD. The medium-term trend is still consolidating within a box pattern.

SEI

Summary: Short-term structure remains bearish. Short positions continue to be established at $0.1668 USD, with a target for short entry reached at $0.1535 USD. If the short-term downtrend persists, the subsequent targets are: $0.1433 USD, $0.1362 USD, $0.1202 USD, and $0.1060 USD.

POGAI

Summary: The daily structure indicates a bearish trend. A conservative short strategy should wait for a second retest at $0.000043382 USD before shorting. Targets are set at $0.000036966 USD and $0.000028765 USD. High-risk opportunities can be pursued with a favorable risk-to-reward ratio, while maintaining support at $0.000053950 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.