Market News | Daily Main Token Trends Overview

2023-08-03, 02:40

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

Brief Comment: After briefly touching the $30,000 mark yesterday, it continued to drop to the $29,000 level. Short-term strategy continues to focus on its upward trendline. Risky bullish entry strategy: $28,550; risky bearish entry strategy: $27,950 with continuous observation until the $26,500 level.

PEPE2

Brief Comment: Today, the contract market recorded the highest decline, and the base price continued to fall below $0.0072001 (Note: 7 decimal places). It is expected to continue to target $0.0061601, $0.005955, and the rebound high can be sustained in a bearish view.

POGAI

Brief Comment: Today, the contract market experienced a decline of -13.92%, with a rebound to $0.00015 per USD followed by a volume-induced drop. The bearish target can continue to be seen at $0.00009703, $0.00008143, and $0.00006114. Continuously follow a risk/reward strategy to build short positions.

KAS

Brief Comment: Since the opening in March this year, it has completed a large bowl-shaped bottom structure. It broke through the top level of 0.040995 USD this morning, and short-term demand for retracement may be needed. After the retracement is completed, it can continue to rise to $0.065379, $0.10483, and the target top of $0.14428.

ETH

Brief Comment: For aggressive short-term recommendations, observe whether it stabilizes above the upward trend. If it holds steady and continues to rise, it can be viewed as a signal to enter a long position. For conservative short-term strategies, it is still waiting for a breakthrough of $2,037 with a continuous upward target of $2,358. Note that the current trend is still bearish.

CRV

Brief Comment: Curve founder Michael Egorov has engaged in over-the-counter transactions with varying values (totaling $14.5 million) for CRV, with an OTC average price of approximately $0.4 per USD. Short-term CRV shows a rare “ascending shoulder bottom” bullish structure, with upward targets at $0.608, $0.639, and $0.68 per USD.

WLD

Brief Comment: In the short-term, it broke the bottom and rebounded in an ascending triangle pattern, with the bullish strategy holding steady above the red trendline. Risky short-term entry can be initiated with breakouts targeting $2.584, $2.785, $2.925 per USD, with stop loss set at the upper limit of the upward trend. For conservative short-term strategies, it is recommended to wait for a breakthrough of the $2.55 resistance to enter and target $2.584, $2.785, $2.925 per USD sequentially.

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.