BitRabbit K-line Analysis is written and updated daily by BitRabbit risk managers in order to help aid investment decisions.
BTC/USDT predictions:
Today, prices will be short. Pay attention to support at 8100, if prices break below that point then the market will continue this morning’s bear market. There is a chance for prices to break below the 8000 level today. If prices don’t break below 8100, then prices will continue fluctuating between 8115 and 8258.
ETH/ USDT predictions:
Prices today will mainly be short. Support is at 448. If prices don’t touch upon the support floor, there is a chance for prices to stabilize. Pressure is at 456. If prices breakout from 456, then there is a chance for the market to rally.
BCH/USDT predictions:
Today prices will be fluctuating at a high level. Keep note of support at 800 and pressure at 828. At the same time, also be mindful of transaction volumes.
EOS/USDT predictions:
Prices today will be fluctuating at a low level. Pay attention to support at 7.53. If prices don’t break below the support floor, there is a chance for the market to stabilize. If prices breakout from pressure at 8.17, there is a chance to turn around the recent weak market.
LTC/USDT predictions:
Prices today are mainly short. If prices don’t break below 80, then prices will tend to stabilize at the bottom. Pressure is at 85.
Daily Investment Suggestions: From the market this morning, it isn’t hard to notice that the reliance between major tokens still exists. In a bear market there is need to pay closer attention to how well prices rebound. Many tokens will be eliminated in the bear market, and will be a good time for us to sort the good tokens from the bad.
Disclaimer: This analysis was made by a BitRabbit analyst, the opinions in this article only represent the personal opinions of said analyst. This article should only be used as a reference, and not be taken for investment advice. Investors should make decisions and trades independently. BitRabbit does not take responsibility for all direct or indirect losses incurred by the investor.
BitRabbit Exchange Event:
1. Join BitRabbit telegram (https://t.me/bitrabbit_en)
2. Register BitRabbit (https://bitrabbit.com/en) and get 100 CARROT token (BitRabbit candy)
