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Casa> Blog> Market Analysis of December 27, 2018

Market Analysis of December 27, 2018

December 27, 2018
Fundamentals
Yesterday is the first trading day after the Christmas holidays, but according to the usual practice, from Christmas to the New Year, trading is not very active, there is not much to pay attention to on the basic, from the overall trend of the mainstream currencies is still not much changed, narrow collation, so the overall maintenance of the previous tips, wait-and-see.

Technical aspect

BTC/USDT


1


Figure 4 Hour Trend Chart
As can be seen from the figure, yesterday's consolidation was always at the bottom of the box area, so the support around 3650 is still very important. If the price is not broken, the probability of forming the bottom of head and shoulder will be greatly increased. If the price is broken, the support around 3450 below will be the last line of Defense for long-term. In terms of time and momentum, the current price is not suitable for entry. From the perspective of regional layout, radicals can try to absorb light warehouses around 3650 and 3450. Upper Pressure 4000 4350 5400

ETH/USDT
2


Figure 4 Hour Trend Chart
Similar to the trend of other mainstream currencies, basically in this period of weak holiday trading, there is no big fluctuation, narrow collation, and the direction of future market trend remains unchanged, just probability. The probability of direct rise from the top of the box area is greater than that from the bottom of the back-measure area. Over 121, light warehouse can still be absorbed, and the pressure above 149 175.

EOS/USDT

3


Figure 4 Hour Trend Chart
It can be seen in the picture that the coin has been pulled back near the mid-rail in the trend of harpoon line segmentation. According to the overall trend of the mainstream coin, radicals can try to buy near 0.39 near the mid-rail, and 2.12 top-to-bottom switching positions below to replenish the warehouse. The overall trend is still in the process of shock rebound. The pressure above is 2.662.92.
The above suggestions are for reference only.

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