Weekly Analyze of the Crypto Investing in October, 2022
Date: Oct 17,2022-Oct 21,2022
This week, the crypto market has weakened as a whole, and the situation tends to be bearish.
The BTC weekly small entity has a long shadow line, ending with a convergence pattern, similar to the sideways trend in the same period of 2018. The fluctuation range of the box is 18000–20000, and the daily fluctuation range is narrowed to 18900–19600. The volume can be weakened, in line with the pre-change pattern. The long-short critical level is 19500, the support range is 17800–18200, and the resistance range is 19800–20400
ETH's recent weekly line has also received dojis one after another, linking the broader market, with a horizontal range of 1200–1400. The daily line narrowed in the range of 1260–1340. At present, it is in a weak consolidation at the lower edge of the converging state. Pay attention to the extensibility of the upper and lower edges of the structure after the breakthrough. The support range is 1180–1220, and the pressure range is 1340–1380.
Vtrading is a crypto trading platform providing smart coin trading strategies for every trader. If you are using Vtrading smart crypto trading bots, the Grid and Martin strategy are suggested for spot market, and the SMT strategy for futures market.
(All for reference only, plz invest rationally)
This week, the crypto market has weakened as a whole, and the situation tends to be bearish.
The BTC weekly small entity has a long shadow line, ending with a convergence pattern, similar to the sideways trend in the same period of 2018. The fluctuation range of the box is 18000–20000, and the daily fluctuation range is narrowed to 18900–19600. The volume can be weakened, in line with the pre-change pattern. The long-short critical level is 19500, the support range is 17800–18200, and the resistance range is 19800–20400
ETH's recent weekly line has also received dojis one after another, linking the broader market, with a horizontal range of 1200–1400. The daily line narrowed in the range of 1260–1340. At present, it is in a weak consolidation at the lower edge of the converging state. Pay attention to the extensibility of the upper and lower edges of the structure after the breakthrough. The support range is 1180–1220, and the pressure range is 1340–1380.
Vtrading is a crypto trading platform providing smart coin trading strategies for every trader. If you are using Vtrading smart crypto trading bots, the Grid and Martin strategy are suggested for spot market, and the SMT strategy for futures market.
(All for reference only, plz invest rationally)
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