58COIN Daily Trading Reference

58 COIN
2 min readMar 15, 2019

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[58COIN] Mar. 15, 2019, Friday

BTC

BTC continued to fluctuate yesterday. On the daily chart, the price runs above the middle band, the Bollinger Band contracts, the shocking zone narrows. The upper resistance is around 3,960 and the lower support level is around 3,740. On the 4-hour chart, the golden crosses of MACD, KDJ, and RSI occur, the market may rebound, the current price is close to the upper resistance level around 3,900. On the 1-hour chart, the market rebounds but is blocked in the vicinity of the upper level around 3,900. THE death crosses of MACD, KDJ, and RSI are about to happen. The short-term market is expected to pullback at first. In intraday trading, it is recommended to short in short-term, and long after the pullback.

Resistance Level: 3,890; 3,915; 3,935; 3,970; 4,000; 4,045; 4,080; 4,100; 4,130; 4,150; 4,175

Support Level: 3,875; 3,860; 3,840; 3,815; 3,800; 3,780; 3,745; 3,730; 3,710; 3,690; 3,670

Suggestions: Short: 3,890–3,935; stop loss: 3,950; target: 3,875; 3,860; 3,840

Long: 3,860–3,830; stop loss: 3,810; target: 3,880; 3,915; 3,935

EOS

Resistance Level: 3.61; 3.64; 3.69; 3.71; 3.74; 3.78; 3.82; 3.84; 3.9

Support Level: 3.58; 3.55; 3.53; 3.51; 3.48; 3.45; 3.42; 3.4; 3.36

Suggestions: Short: 3.61–3.66; stop loss: 3.68; target: 3.58; 3.55; 3.52

Long: 3.53–3.5; stop loss: 3.48; target: 3.55; 3.58; 3.61

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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