The market continued surging as all the major tokens boosted. BTC once rose to $7,453 and created a new peak. However, since the volume was not enough, as the short-term divergence showed up, the market started falling back by a few. In the short-term, the MACD of the 4-hours chart became strong, but the volume was not that perfect. It would be a hidden danger. In addition, the positions from $7,600 to $8,000 are full of heavy pressure. If the market wants to continue the attack on the above space, a higher volume is required in deep. Longs takes the lead of the market, focus more on the support at $7,200, and hold the positions if it can be held.
The change of ETH is more than 20% in 2 days, and broke the pressure at $160 then reached a new peak recently. However, a divergence has shown up in the 30-mins chart, which means the market adjustment is required. If the adjustment can be held above $166, the uptrend would remain. Even the market has fallen back, the short-term rising space has been activated. Buying in when dips and focus on the support at $166.
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The change of ETH is more than 20% in 2 days, and broke the pressure at $160 then reached a new peak recently. However, a divergence has shown up in the 30-mins chart, which means the market adjustment is required. If the adjustment can be held above $166, the uptrend would remain. Even the market has fallen back, the short-term rising space has been activated. Buying in when dips and focus on the support at $166.
Register and Get 50 USDT Bonus: bitoffer.com
Join our group: t.me/bitofferen
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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.