Market News | Daily Main Token Trends Overview

2023-08-04, 02:14

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

Concise Commentary: The market continues to oscillate within a range, but beware of potential sudden price movements after extended consolidation. Risk-seeking long entry strategy: $28,550 USD; Risk-seeking short entry strategy: $27,950 USD, with a continued outlook towards the $26.5K USD level.

XCN

Concise Commentary: The daily chart has been consolidating for two months, and a bullish W-bottom pattern is expected to form. Short-term opportunities can be found on dips, with a potential end of the consolidation phase in mid-August. Potential upside targets include $0.00126 USD, $0.00152 USD, and $0.00171 USD.

PEPE2

Concise Commentary: Yesterday, we suggested short positions at $0.0702001 USD (Note: seven decimal places). Today, the downward trend continues with potential targets at $0.071601 USD and $0.08955 USD. Bearish sentiment may persist even during rebounds.

POGAI

Concise Commentary: Yesterday, we recommended short positions, and the short-term target has been achieved with a 75.15% profit. The bearish target may continue towards $0.048143 USD and $0.046114 USD. Watch out for potential short-term squeezes (strong upward rebounds).

KAS

Concise Commentary: Since March of this year, KAS has formed a large bowl-shaped bottom structure and reached a new historical high of $0.04820 USD this week. Short-term consolidation is underway, and upon completion, potential upward targets are $0.065379 USD, $0.10483 USD, and the top target at $0.14428 USD.

WLD

Concise Commentary: The historical uptrend remains intact, with a major support line marked by the red rising trendline. A breakout above the previous high of $2.55 USD may lead to sequential targets at $2.584 USD, $2.785 USD, and $2.925 USD. Set stop-loss accordingly, considering the upper boundary of the rising trend.

UNIBOT

Concise Commentary: A clear head and shoulders pattern has emerged on the four-hour chart. Pay attention to a potential break above the resistance at $157.56 USD. If it continues to hold, there’s a chance to challenge the previous high at $198.19 USD and aim for $213.81 USD, $290.16 USD, and $335 USD.

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Author: W-Strategy

*This article represents only the views of the author and does not constitute any investment suggestions.

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