$ETH is currently within the descending channel range in 1 hour. The 1875-1870-1865 line is connected to form the upper edge of the descending channel range, and the 1850-1845-1840 line is connected to the lower edge of the descending channel range. It is currently running near 1850 and is in In the middle of the channel range, the long and short directions are relatively balanced, but the MAC indicator has been passivated repeatedly, and the possibility of a rebound breakthrough cannot be ruled out. The upper side will temporarily focus on the upper edge of the 1860 descending channel range.
$BTC fell below the support level near 29500 this morning and quickly rebounded back above 29500. It fluctuated within a narrow range during the day. The CPI data in the evening was almost consistent with expectations and had little impact on the market. After a slight increase, it continued to fall. In the short term, It is expected to continue to operate within a narrow range of fluctuations. In one hour, the macd indicator shows signs of forming a golden cross, and the kinetic energy column has gradually shifted above the zero axis. I personally expect it to be a volatile and long process. Pay attention to the upper pressure 29650 neckline position. Nearby, the breakthrough can be seen to be around 3W, with support below 29500-29150. It is recommended to watch more and move less.
Looking at the 1-hour chart, after falling to around 28700 as expected at 0:00 yesterday on the 8th and showing a small V reaction, $BTC broke through the short-term descending channel line around 29270 and fell back to stand firm. It continued to break upward in the early hours of this morning until around 30200. When encountering the previous support trend line (which fell below and has now been transformed into a pressure line), the gains retreated slightly and tended to move sideways in the range of 29700-29860.
From the macd indicator, the fast line is close to the slow line. If the 29700-29860 range fluctuates for a longer time, the MACD indicator will be passivated repeatedly, and there is a possibility of continuing to rise to 30200. If it breaks through, the target will be moved upward to around 30450. The second The target is near 31500, but at the same time, we should also pay attention to the risk of correction. The short-term support is 29660. If it continues to fall below the edge of the previous downward channel near 29270, the bullish signal will be weakened.
Because the depth of each exchange is different, the overall trend shape is very similar. The 5-minute chart does not seem to be declining for the time being. However, since the ascending channel has not been touched for the third time to prove that it is 100% effective, you can pay attention to the upper track and If the resistance at the junction of the large-level trend lines is not broken, there is a high probability that the arrow path will be followed.
The bottom box is oscillating wildly, which is very suitable for the sell high and buy low strategy, but only MEXC is on the market. Those who have free positions on this platform can consider entering.
The bottom range is in the form of a regular falling wedge, and the current trend has reached the extreme end of the wedge, with the possibility of a breakthrough at any time. Combined with DEFILLama's TVL data, RSR's locked-up funds have soared from 5.68m to the current 26m since April, a five-fold increase. More than enough. Through the project fundamentals, I predict a higher probability of an upward breakthrough.
$CFG vs $GFI
Both of them are RWA on-chain infrastructure, so it is more appropriate to compare them together. Currently, both coins are in the downward channel range. Although the CFG channel is smoother, it is indeed in the bottom accumulation range, and it is difficult to get out of the trend in the short term. In contrast, the GFI channel has a larger inclination angle, and transactions are less active than CFG. If it is blocked by the upper rail of the channel in the near future, the probability of weakening is extremely high, so focus on the strength of the middle rail support.
#BOT The leader of the sector $unibot has been performing strongly recently! Personally, I feel that BOT projects still have great potential and can help us save time and earn large profits, but we must pay attention to security and privacy risks. You can continue to pay attention to future technological developments or solutions to these problems! We have compiled some recent popular projects for you.
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$unibot recent trend
1. $UniBot: TG robot that allows users to conduct Defi transactions directly from TG chat
Unibot
2. $Loot: a robot that helps users automatically complete airdrop operations on TG
#BOT The leader of the sector $unibot has been performing strongly recently! Personally, I feel that BOT projects still have great potential and can help us save time and earn large profits, but we must pay attention to security and privacy risks. You can continue to pay attention to future technological developments or solutions to these problems! We have compiled some recent popular projects for you.
[Summary] Some RWA projects that have not yet issued tokens
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#RWA has been very popular recently, the sector has become more popular, and there are high expectations for the sector to break out.
In this case, compared to focusing on projects that have issued coins, high-quality projects in the sector that have not issued coins may provide greater benefits.
Today we have sorted out some of the unissued currency projects in the #RWA track. You can pay attention to them in advance.