May 21st BitRabbit K-line Analysis

BitRabbit
2 min readMay 21, 2018

--

BitRabbit K-line Analysis

BTC/USD analysis: Today’s prices are high and volatile, there is a chance of prices rebounding after reaching 8450. If prices don’t break below 8450, then prices will tend to stabilize and rally. Pressure is at the 8600-level, if prices don’t breakout then it will continue to be bumpy. If prices breakout, then a new high for the past two weeks will be reached.

ETH/USD analysis: Today’s prices are trending weakly. Keep track of support at 700, there will be a slight rebound when prices reach this level for the first time. Pressure is at 723. Before prices breakout from the pressure ceiling, prices will be trending weakly and it isn’t suitable to buy stocks.

BCH/USD analysis: Prices today will trend horizontally. Support is at 1250. If prices break below 1250 with a high trade volume, prices will be short. Pressure is at 1300. If prices breakout from 1300 with a high trade volume, then prices will be long.

EOS/USD analysis: Today’s prices are high and volatile. Pressure is at 14.15. If prices breakout from the pressure ceiling, prices will rally upwards greatly. Support is at 13.74. If prices don’t break below 13.74, prices will tend to oscillate.

LTC/USD analysis: Today’s prices will continue to trend horizontally. First of all, pay attention to the support level at 137. Prices will rebound slightly when reaching the support floor for the first time. Pressure is at 140. Prices will continue to be short as long as prices haven’t stabilized and broken out from the pressure ceiling.

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: the largest digital asset exchange in Australia https://bitrabbit.com/

Follow us

--

--

BitRabbit
BitRabbit

Written by BitRabbit

The Largest Digital Asset Exchange in Australia, Next Generation Digital Asset Exchange Supporting Diverse Digital Assets, Telegram: https://t.me/bitrabbit_en

No responses yet