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From the daily level, after breaking through the Fibonacci 0.236 position of 1.73, IO fell back to the Fibonacci 0.236 position after encountering strong resistance from 1.91-1.96, and is currently fluctuating around the 1.475-1.91 range. And in this oscillation range, we can see many K-lines with long upper shadows, which, combined with the trading volume, shows that the short-selling force is strong, and people are constantly doing rebound short strategies, waiting for IO to be able to conduct a second test. From the perspective of the RSI relative strength index, it is above the moving average and below the middle track, indicating that the short-selling force is dominant, but the long-selling force is also gradually increasing.
From the four-hour technical pattern, IOI formed a breakthrough pattern of a converging triangle, but it was also pulled back after being blocked by the strong resistance of 1.91-1.96, and it was blocked for the third time. At present, the K-line rebounded effectively after stepping back on the upper track of the converging triangle, but the rebound force was weak. If the subsequent trend does not effectively break through the supply range of 1.91-1.96, this breakthrough can be regarded as a false breakthrough. The price will have inertia and fall below the lower track of the converging triangle to test the previous low.
At present, the market is still dominated by short forces, and considering that the price has failed to break through the resistance range for three consecutive times, the bullish force has been exhausted. The profit and loss ratio of our short orders at this position is higher. If we see a breakthrough in the price later, we will make long orders based on the LPS signal after the price breakthrough or the retracement. Short selling: 1.75-1.77 Take profit: 1.64, 1.56, 1.48 Stop loss: 1.8
From the daily level, RENDER pulled back to the Fibonacci 0.382 position of 4.9, and maintained a period of shock along the support line, and finally fell below the 0.382 position, and is testing the Fibonacci 0.236 support position of 4.3. And the volume and price behavior at the daily level does not meet the stage of panic selling, so it is still necessary to wait for the confirmation of the range. From the perspective of the RSI relative strength index, it is below the moving average and is not in a downward trend. Pay attention to whether it can break through the lower track and enter the oversold stage in the future.
From the four-hour level, it failed to break through the resistance range of 5.05-5.13 twice, forming a small-level M-top bearish pattern. It depends on whether the previous low of 4.3 will be tested or directly broken in the future. If it breaks directly, it is considered to be a break of the range, and consider entering a short position in the subsequent pullback. If the position near 4.3 can be stabilized, it is necessary to observe the appearance of the SOS signal in the future.
From the VPVR chip concentration area indicator, the chip concentration area below is around 3.7-3.9, and the chip volume is relatively large, so there should be strong support. The chip concentration area above is around 4.6, which will form a relatively strong pressure. So we consider entering a short position at the position of the chip concentration area. Short: 4.6-4.63 Take profit: 4.35, 4.3, 4.1 Stop loss: 4.7
From the daily level, yesterday's rise and rebound broke through the Fibonacci 0.382 position of 2665, but did not stand firmly above 0.382, did not form a strong rebound, and directly fell below, which is still unfavorable to the bulls. We must see ETH break through the Fibonacci 0.5 position of 2835 and rebound to confirm the bullish trend. From the perspective of the RSI relative strength index, it is below the middle track and sticks to the moving average. There is no oversold or overbought, and there is no obvious trend.
From the perspective of the four-hour technical indicators, ETH formed a convergent triangle during the rebound process and achieved a breakthrough, so at present, the bullish trend is dominant. We need to see ETH rebound from the upper track of the convergent triangle. We can consider entering the market. If it directly falls below the kneeling during the callback process, it is considered that this period of market is a false breakthrough and will retest the previous low.
From the VPVR chip concentration area indicator, the chip concentration area below is relatively dense at 2050, 1800, and 1635. These three positions should have relatively strong support. Therefore, ETH's current rebound price range is a vacuum period for chips, and there may be relatively large fluctuations. Based on the above analysis, we adopt a low-to-long strategy: Long: 2550-2600 Stop profit: 2650, 2700, 2800 Stop loss: 2500
From the daily level, IO maintained a unilateral downward trend as predicted. Affected by the market, it rebounded to 1.3, and then was pulled back twice by the supply pressure in the 1.91-1.96 range, resulting in the failure to recover the decline after August 3, and the failure to break through the long-short dividing line 2.09, so the follow-up situation is not optimistic. From the perspective of the RSI relative strength index, it has left the oversold stage and is currently rising slowly.
From the perspective of the four-hour demand range, due to the supply pressure in the 1.91-1.96 range twice, a potential small-level M-top bearish pattern was formed. Therefore, for subsequent market operations, we choose to chase the short when the M-top is completely formed, and enter the market after breaking through the key pressure level 2.09. Short: At the four-hour level, the real body fell below 1.54, considering shorting (real body column) Take profit: 1.5, 1.37 Stop loss: 1.58 Long: At the four-hour level, the price broke through near 2.09 and effectively fell back (real body column) Take profit: 2.23, 2.6 Stop loss: 2.03
From the daily level, CKB has formed a large-scale descending wedge, and obtained daily support at 0.006880. As predicted before, most of the FVG (0.0055-0.0084) left in February has been filled. Currently, there is still 0.0055-0.0061 FVG that has not been filled. The later the market goes, the smaller the possibility of filling, so the probability of continuing to explore and fill this FVG is shrinking. From the perspective of the RSI relative strength index, it is currently showing a bottom rebound pattern, with shorts dominating, but the trend is about to intersect and surpass the moving average, and there is a possibility of a market reversal in the future.
From the four-hour level, it is currently fluctuating upward. Combined with the previous demand range, 0.0061-00.0084 will form a new oscillation range. We need to observe whether we can get out of the accumulation structure in this range. The current market can be temporarily defined as a natural rebound after panic selling, but because the bottom trading volume is not huge, it cannot be judged as the bottom of the accumulation structure. It is best to wait and see for this kind of clearing and wait for the signal of the second test on the right.
From the VPVR chip concentration area indicator, the most concentrated area below is around 0.0034-0.0046, which is also the starting point of the market at the beginning of this year. There is relatively no chip concentration area between the current price and 0.0046, so there is no fixed chip support below. Subsequent support needs to be determined by real-time trading volume.
Today's Position Analysis $CKB From the daily level, CKB has formed a small triple top bearish pattern, which means that the supply range of 0.0127-0.0137 has failed to be tested three times in a row at the macro level. The bullish momentum has been completely consumed, and finally it has entered a unilateral decline and broken through the previous demand range of 0.0098-0.0104. It is currently testing the demand range of 0.0084-0.0093. The subsequent market needs to observe the support rebound of the demand range of 0.0084-0.0093. If it can stabilize and support, there will be no possibility of waterfalls in the market. If it falls below this range, the market will fill the FVG (0.0055-0.0084) left in February, and the final support point will be around 0.0055. From the perspective of the RSI relative strength index, it has been constantly testing the bottom position, and the bearish trend is dominant. From the VPVR chip concentration area indicator, the chips are also concentrated in the range of 0.0084-0.0093, but the chips are relatively few, so the support effect may not be very obvious. The most concentrated area of chips below is around 0.0042, which is also the starting point of the market at the beginning of this year. Therefore, we need to see the support of the 0.0084 range. If it is supported, we can enter the market for a rebound. If it is not supported, we will wait for a break and then enter the trend short position.
Today's position analysis: $IO From the daily level, IO received strong supply pressure from 3.1-3.25, forming a downward trend of M top. It rebounded immediately after inserting the pin to the previous demand area of 2-2.1, but there was no rebound with volume or large volume at the daily level, so the short-term bearish trend still dominates. From the perspective of the RSI relative strength index, it has fallen below the previous low, which still shows that the bearish trend dominates. From the four-hour level, the rebound of IO from the pin to the demand area of 2-2.1 shows a shrinking volume, indicating that the rebound in this place is not like the entry or turnover of the long side, but more like a natural rebound after the shorts closed their positions, and the current four-hour level is still showing a downward trend. The overall trend of IO is a bearish rising wedge pattern, which breaks down and then pulls back to the trend line, and then starts to fall all the way. So it is not the best time to enter the position yet. We need to wait for a K-line with volume to confirm the bottom, or wait for the strong SOS signal to appear after the price fluctuates and consolidates in the range of 2-2.1. It should also be emphasized that IO is an M-top bearish pattern at the daily level. Generally, it will fall below the key support level of the previous low, so the subsequent market still tends to fall unilaterally.
Today's market analysis: $ETH From the monthly level, ETH closed a short K-line with a long lower shadow, indicating that there are a lot of demand support at this position, and the bulls have a little advantage. And the July monthly line stepped back to the Fibonacci 0.5 position of 2892, so the subsequent support rebound at this place is more critical. From the daily level, ETH maintains a large range of fluctuations, and under the pressure of the neckline of the previous fluctuation range, the rebound is blocked and continues to decline, but the amplitude of the fluctuation is getting smaller and smaller, which means that the possibility of a big trend is increasing. From the perspective of the RSI relative strength index, it also rebounded to the neckline of the previous range and fell, which is unfavorable to the bulls. From the perspective of the inflow of EHT ETF, there was a small amount of inflow the day before yesterday, and the rest of the time, the overall outflow was relatively large. Basically, Grayscale is buying, but Grayscale's selling pressure will continue to decrease, so the information given by the market needs to be continued in the future. From the four-hour level, ETH maintains a trend of oscillating decline and forms a relatively obvious downward trend line. It has failed to test the upper edge three times in a row. When the third test failed, the decline accelerated. It is necessary to continue to observe the test of the upper edge of the downward trend line. The current potential demand range is around 3140. It is necessary to observe whether it can stop the decline and rebound near 3140. If it falls directly, the downward trend will bring inertia and test the next demand range near 2890. From the perspective of the VPVR chip distribution indicator, the chips below are also concentrated near 3140 and 2890, so there will be a relatively obvious support near these two prices. At present, ETH will only consider trend reversal if it breaks through the downward trend line, so the idea of opening an order is to rebound into a short order. Short order entry point: 3260-3300 Take profit point: 3200, 3140, 2890 Stop loss point: 3360
Today's market analysis: $BTC From the monthly level, BTC is likely to close a short real column and long lower shadow candlestick pattern this month. Under the trend of BTC consolidating at a high level, such a candlestick pattern is unfavorable to bulls, which means that there is still a lot of supply at high levels. From the daily level, BTC is generally a callback in the process of oscillating upward. It quickly callback after touching 70,000, but the price trend is still in a bullish trend. Because from the overall pattern, BTC's callback continues to have a higher low, so there is a possibility that BTC will continue to consolidate for a period of time and then hit the previous high. If BTC's callback consolidation falls below the previous low, consider a trend reversal. From the perspective of the RSI relative strength index, BTC has fallen below the moving average and the previous low. At present, the strength of the shorts in the market is increasing. The shorts will actively short and continue to rebound and short at a small level. From the four-hour level, there was a rapid callback at the 4h level to the left side of the 0.618~0.66 retracement area, and there was a rapid rebound after the downward liquidation of long liquidity, so this price range considers the possibility of price stopping the decline and rebounding. From the VPVR chip concentration area indicator, there is basically no dense chip area below 65600, indicating that there is no particularly obvious support below. From the liquidation heat map, the short liquidity of 66400-67600 is much greater than the long liquidity of 65400-64400, so the probability of clearing a large wave of short liquidity upward is greater. Current price point recommendation: 63600-64800 long, stop profit 67000, 67500
Today's position analysis: $NOT From the daily level, NOT formed a rising wedge-shaped convergent triangle, which is a very bearish pattern. In the end, it was in line with expectations and fell below the triangle. The trading volume during this period was significantly lower than the triangle consolidation stage. At present, a K-line with volume is needed to confirm the bottom, otherwise it will continue to fall unilaterally. From the perspective of the RSI relative strength index, it is below the moving average and there is no trend reversal. The bears are dominant. We need to continue to observe the trend. Only when the RSI moving average position is broken, the trend can be considered reversed. From the four-hour level, three pin-point rebounds near 0.013 formed a good support. If it holds up in the future, it will start a wave of shock consolidation. However, the previous wave of pull-up market left a section of FVG of 0.0105-0.013. The subsequent trend tends to fill this section of FVG, but it may not be filled completely, so the point near 0.0105 below is the end point of the range hunting. Judging from the VRVR chip concentration area indicator, the chips are relatively dense near 0.16. This position has formed a relatively obvious pressure point at present. It is still far from the current price, but if the subsequent market breaks through, there will be no resistance all the way to 0.016.
Today's position analysis: $IO From the daily level, IO broke through after stepping back on the VPVR chip concentration area, and the support effect was obvious, continuing the bullish trend. From the perspective of the RSI relative strength index, it also rebounded after a false breakout of the moving average, and is currently rising slowly. From the four-hour level, IO is constantly breaking through and stepping back in small areas, stepping back and rebounding, and the lows are constantly rising, and the bullish trend is obvious. And when stepping back on key support levels such as 1.98 and 2.5, it leaves a long lower shadow to close, indicating that there is sufficient counterattack behavior. At the current four-hour level, compared with the previous small interval, the trading volume is gradually decreasing, and the subsequent trend tends to fluctuate and consolidate, and then break through with large volume. The first pressure level is 3.2, and the second pressure level is 3.8. From the perspective of the VRVR chip concentration area indicator, the chips near 2.4 and 2.8 are relatively dense. These two positions form the current more obvious pressure levels. The position of 2.8 has also achieved a breakthrough and stepping back, and the support effect is further strengthened.
Today's position analysis: $ondo From the daily level, ONDO has reached the Fibonacci retracement (0.236) position of 0.95 and achieved an effective rebound, but it is still in the large-scale downward trend line and gradually forms a bullish pattern of a descending convergent triangle. We need to continue to observe the convergence. From the perspective of the RSI relative strength index, it is below the neckline, and the bearish trend is dominant. We need to continue to observe the trend. Only when the RSI neckline position is broken, the trend can be considered reversed. From the four-hour level, ONDO maintains the key support level of 0.91 for oscillation, and has been supported four times in a row on the 5th, 8th, 12th, and 25th, all of which have achieved effective rebounds, indicating that the demand near 0.91 is strong, and the trading volume is large, with obvious turnover. It tends to continue to consolidate in the future, and it is necessary to wait for the signal of breaking through or falling below the convergent triangle pattern. The key support level of 0.91 is near the lower track of the convergent triangle, which is still a good position for opening a position. Judging from the VRVR chip concentration area indicator, the chips near 1.1 and 1.2 are relatively dense. These two positions have formed relatively obvious pressure points at present. If the subsequent market breaks through the convergent triangle, the first target will be 1.1 and the second target will be 1.2.
Today's position analysis: $CKB From the daily level, CKB has reached the Fibonacci retracement (0.236) position of 0.0113 and achieved an effective rebound. The trend is still bullish. From the perspective of the RSI relative strength index, it also falsely broke through the moving average and then stood above the moving average, but has not yet broken through the previous pressure level, so we need to continue to observe the trend. If the pressure level is broken, the bullish trend will continue. From the four-hour level, CKB has been fluctuating in a wide range of 0.011-0.0128 before today. After touching the bottom of the range on the 25th, it achieved an effective rebound and is currently rising in a shrinking volume. There is relatively strong resistance near the upper edge of the range of 0.0128. It is now testing the third breakthrough. Generally, the third breakthrough is more critical. If the breakthrough is successful, there will be a wave of relatively strong breakthroughs in the future. The first short-term target is 0.0137. Judging from the VRVR chip concentration area indicator, the chips near 0.0118-0.0122 are relatively dense, which is also near the middle track of the range oscillation. Therefore, if the subsequent market callback, the VPVR position of 0.0119 will be a relatively strong support level.
Today's position analysis: $sats From the daily level, SATS has pulled back to the Fibonacci retracement (0.5) position of 2528, and achieved an effective rebound, the trend reversed, and entered a bullish trend. From the perspective of the RSI relative strength index, after a false break below the moving average, it stood above the moving average again, which is still a continuation of the bullish trend, and in general, a false break below the RSI often brings a stronger bullish market. From the four-hour level, SATS has been fluctuating in a wide range of 24-32 before today. Today, after the strong SOS signal before breaking through the range appeared, it received a four-hour level LPS no supply fall, so the SOS strong signal turned into a JOC strong signal, and then completely broke through the range. Currently, the upper support line of the range is being tested. If the upper support of the range effectively rebounds, the bullish trend will continue, and the first target is 3500. The second target is 3900. From the perspective of the VRVR chip concentration area indicator, the chips near 285 are relatively dense, and are near the middle track of the range oscillation, so the subsequent trend will be adjusted. If the VPVR support level of 285 is not broken, the trend reversal will not be considered.
Today's position analysis: $IO IO is currently in a short-term correction trend, having fallen below the 2.7 short-term support level and rebounded back to the support line. Continue to observe the support situation near 2.7 in the future. If it stands firm, it will continue to fluctuate in the range. You can establish a light position and set a stop loss at the support level. If the four-hour level entity falls below the support level, it will test the support situation of the next support level of 2.4. $NOT At the four-hour level, NOT has actually fallen below the ascending convergence triangle, which is in line with previous expectations. The current short-term support level below is 0.0135, and the chips below are not concentrated, so it is impossible to determine the strong support level below. Because there are fewer chips in the lower range, there will be no obvious waterfall collapse, and the volume and price behavior needs to be observed in the future.
Today's position analysis: $LISTA From the daily level, LISTA is in the rising trend line, and it has rebounded four times in a row, with obvious support. From the four-hour level, after stepping back on the rising trend line support level of 0.539, it rebounded. Continue to observe the support of the rising trend line. If there is no real K-line column breaking at the four-hour level, the upward trend will continue; if the real K-line column at the four-hour level breaks, first look at the short-term callback to test the support level of 0.505. $CKB From the four-hour level, CKB failed to break through twice in a row again, forming an M-top bearish pattern. At present, it is necessary to observe the support of the VPVR support level of 0.0119. If it is effectively supported, it will enter a short-term shock trend, but it is still unfavorable to the bulls; if it breaks, it will form a relatively strong bearish technical pattern, the first support level is 0.0113, and the second support level is 0.0103
Today's position analysis: $RNDR RNDR currently maintains a wide range of fluctuations in the price range of 5.75-7.05. 6.45 is the short-term VPVR support level, which is also near the middle track of the range. At present, it is necessary to observe the fluctuations in the range, break through the upper edge of the range, and test the 7.6 pressure level upward. If it falls below the range, it may test 5.3, forming a wave of structural destruction and re-absorption. $NOT At the four-hour level, NOT maintains fluctuations on the rising trend line, and the support effect is obvious. The upper pressure level is 0.0175. There is also a potential convergent triangle pattern. Continue to observe the fluctuations on the trend line in the future. Breaking the trend line will form a bearish rising wedge pattern, forming a short-term bearish trend.