Market News | Daily Main Token Trends Overview

2023-08-16, 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

Concise Comment: The 4-hour chart once again retraced within the major uptrend. A conservative bullish approach suggests entering long positions above $30,888, or establishing short positions below $28,535. The overall structure is in a bearish trend, and it’s important to watch the support trendline marked in purple.

SEI

Concise Comment: Since the opening last night, it found strong support at $0.1560 and later rose to the resistance level at $0.1970. Despite attempting to break through three times, the trading volume remains weak. In the short term, watch whether the resistance at $0.1970 can be overcome and sustained, which could potentially lead to a swing upward movement. Targets in sequence include $0.2222, $0.2630, $0.3038, and $0.33.

CYBER

Concise Comment: Since the opening, it reached $17.848, matching the Fibonacci sequence’s 4.236 target. Subsequently, it retraced from $8.177 to a low of $4.40. In the short term, a period of rebound could be anticipated, with sequential targets at $4.772, $5.010, $5.186, and $5.373. Quick entry and exit are recommended.

UNIBOT

Concise Comment: The daily chart continues to achieve historic highs, with the initial target at $213.81 reached. In the short term, adhering to the moving average strategy is advisable, with sequential targets at $234.58, $259.20, $292, and $335. Once the first target is reached, keep an eye on the support holding at $160.

RIO

Concise Comment: In the domain of RWA (Real-World Assets), the overall structure is pursuing an independent trend. The price has surged from a low of $0.0181 to a near 1564% increase, around 16 times the original value. The long-term bullish targets are $0.6060, $0.9950, $5.22, and $8.68. Utilize a risk-reward strategy to position yourself at opportune lows.

For more details, please follow W-Strategy | post account:
https://www.gate.io/post/AxMRBAQDWVVVBl9QQgO0O0OO0O0O555

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.