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.
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.
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.
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.
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.
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.
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.
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.
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