58COIN Daily Trading Reference

58 COIN
2 min readMar 8, 2019

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[58COIN] Mar. 8, 2019, Friday

BTC

BTC fluctuated slightly yesterday. On the daily chart, the current price is running above the short-term moving average and is supported by the middle band. Investors should pay attention to the resistance level around 3,900 and should remain the investment strategy in a volatile market before an effective breakthrough occurs. On the 1-hour chart, the Bollinger band is flat, the short-term market oscillates, the upper resistance level is around 3,900 and the lower support level is around 3,860. In intraday trading, it is recommended to remain the trading strategy of “buy low and sell high”, and follow the trend after the breakthrough.

Resistance Level: 3,875; 3,900; 3,935; 3,960; 3,975; 3,990; 4,015

Support Level: 3,860; 3,840; 3,820; 3,780; 3,750; 3,730; 3,700; 3,670

Suggestions: Short: 3,920–3,950; stop loss: 3,970; target: 3,900; 3,870; 3,850

Long: 3,870–3,850; stop loss: 3,840; target: 3,890; 3,920; 3,950

EOS

Resistance Level: 3.76; 3.79; 3.82; 3.84; 3.88; 3.9; 3.94; 4.03; 4.12

Support Level: 3.72; 3.69; 3.66; 3.64; 3.61; 3.58; 3.51; 3.46; 3.42; 3.36

Suggestions: Long: 3.7–3.66; stop loss: 3.63; target: 3.73; 3.76; 3.79

Short: 3.79–3.82; stop loss: 3.84; target: 3.76; 3.73; 3.7

Short: 3.87–3.9; stop loss: 3.91; target: 3.82; 3.78; 3.74

The specific operation is subject to the real-time prompt in the market!

Disclaimer

The trading strategy is for reference only and the investment risk is borne by yourself. Investment involves risks, you should conduct your own research when entering the market!

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