News:
1. JPMorgan Chase raised the probability of the US economy falling into recession by the end of the year to 35%.
2. Ripple CEO: Respect the court's decision, the SEC's resistance to the entire XRP community has disappeared;
3. The judge ruled that the exchange's XRP transactions did not violate the securities law, and fined Ripple $125 million in the SEC case;
Technical:
Big Pie: The Ripple case, which has been ruled for four years, finally landed today. It is perfect for both parties to accept it in a friendly manner. Ripple's highest intraday increase is nearly 30%, which is undoubtedly a major positive for the currency circle in the near future. Big Pie rose more than 2,000 points in the morning. From the daily line, the K-line rise just stopped at the daily 7-day moving average. After three days of shock adjustment, the technical gap has been perfectly repaired, and the daily trend has not reversed as a whole. From the four-hour line, the 30-day moving average is obviously suppressed, and the K-line has gone out of the real big positive line. The market needs to continue to rise. The first pressure above focuses on the vicinity of 58,000 points, and the second pressure focuses on the vicinity of 59,500 points. This wave of rise requires market consumption, so we are conservatively bearish in operation, and the bearish signal appears on the 1-hour line as the main factor!
Erbing: Yesterday, it rose and fell back to close the real big Yin line, and it was passively pulled up in the morning. From the 4-hour line, the market has yet to rise. The focus of the upper side is on the pressure near 2530 during the day, and the short-term upper target is near 2600 points. From the daily line, the overall trend of the bears still occupies a favorable position, and the current view is only a small rebound. The daily line is likely to rise and fall!
Shanzhai: The two heavily-stocked coins mentioned in the live broadcast room on Monday - XRP and SOL, Ripple issued good news in the evening, and rose by nearly 30% in a short period of time, driving the currency circle to recover the lost ground of yesterday's decline!
NOT: Yesterday's decline was 13%, and today's upper side focuses on the pressure near 0.012;
MEW: Yesterday's decline was nearly 15%, and today's upper side focuses on the pressure near 0.006.
The currency market is volatile, so be cautious when entering the market. This is my personal opinion, no suggestions, just for sharing.
