Mikemiky001
Bronze Bitcoiner
Bronze Bitcoiner
Posts: 316
Joined: Mon May 10, 2021 8:14 am

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What is the market trend analysis on August 11th?

Wed Aug 11, 2021 11:44 am

The market soared up. The MATIC3X increased by more than 50%. Most of the main strain coins went up. The BTC kept weakness. From 4-hour chart, the candles pulled back. The trend kept steady above the short term moving average. Affected by the market trend, the longs had expectation to go up. Focus on the $45,000 support. Buy BTC3X dips. Reduce the position on $47,000.

The ETH broke the 3200. From 4-hour chart, the candles went up continuously. The MACD pulled back above the zero axis. The longs in the short term pilled back. The trend had expectation to depart sharply. Pay attention to reduce the position. Focus on the 3100 support. Buy ETH3X dips. Reduce the position on 3300.

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