[Daily analysis-2020/05/21]
The early market collectively ushered in a rebound of which BSV performed brilliantly and pulled back strongly out of the anti-package form. After BTC broke the position, the rebound strength was lacking and failed to stand back to the more than $9600 defensive line. The short-term trend will continue to adjust downward. In the 1-hour k-line chart, the volume fell below the upward trend line. In the short term, the trend of continuing step back is obvious. The MACD has fallen back below the zero axis. The moving average collectively broke the position and showed a dead cross. The short-selling force is active in the short-term. Follow the support level at $9300
ETH fell below the upper sideways range. From the 1-hour trend line, the long-term moving average began to turn down and the power of the shorts rose. At present, the MACD forms a golden cross below the zero axis. Focus on the $207 support line.
The early market collectively ushered in a rebound of which BSV performed brilliantly and pulled back strongly out of the anti-package form. After BTC broke the position, the rebound strength was lacking and failed to stand back to the more than $9600 defensive line. The short-term trend will continue to adjust downward. In the 1-hour k-line chart, the volume fell below the upward trend line. In the short term, the trend of continuing step back is obvious. The MACD has fallen back below the zero axis. The moving average collectively broke the position and showed a dead cross. The short-selling force is active in the short-term. Follow the support level at $9300
ETH fell below the upper sideways range. From the 1-hour trend line, the long-term moving average began to turn down and the power of the shorts rose. At present, the MACD forms a golden cross below the zero axis. Focus on the $207 support line.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.