Market News | Daily Main Token Trends Overview

2023-08-28, 03:03

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

Summary: The 4-hour chart shows a narrow consolidation and oscillation. Short-term trading volume remains weak, and the downward target is expected to reach $24,226 USD. For a bullish strategy, we still need to wait for a breakthrough above $26,975 USD and a pullback to the purple trend line to re-enter a bullish trend.

TRB

Summary: Over the past two weeks, there has been a breakthrough above the high point of $12.92 USD, followed by a volume-backed pullback to the intermediate support at $9.47 USD. This completes a head and shoulders bottom pattern, with a continued upward movement targeting $15.92 USD. In the short term, watch for a potential breakthrough above $15.92 USD, which can be estimated using a Fibonacci sequence for the target.

SEI

Summary: Last week, a high-level short position strategy was established at $0.1535 USD, with an expectation for a decline to $0.1290 USD. This week, the price found support just above $0.1290 USD. If it breaks below, the next levels to watch are $0.1202 USD and $0.1060 USD. These support levels are suitable for building positions and might lead to a potential rebound.

DOGE

Summary: The overall daily trend has been in a prolonged downtrend for 835 days. A significant pattern might develop before the end of the year. The base price is holding steady at $0.05099 USD. If an independent trend emerges, the sequential resistance levels to watch are: $0.10799 USD, $0.15879 USD, $0.43360 USD, and a historical new high.

ASTRA

Summary: Last week, a position was established above the breakout level of $0.00329 USD. It’s expected to reach $0.00585 USD and $0.00755 USD. Over the past two days, a high point of $0.00778 USD has been achieved, resulting in a maximum increase of 137.5%. Holding steady at $0.00458 USD in the short term could lead to sustained upward movement.

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.