Market Analysis on November 17th, 2021

By ZT Global | Blockchain views | 17 Nov 2021

BTC

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BTC one hour level again returned to the end of October 58000–60000 box, if you can maintain the shock near 60000, the overall market is not a problem, can continue to bargain bottom hunting.

AVAX

Avax just fell to the 4-hour level of important support capital volume to undertake in the case of BTC crash, compared to the market after the 9.7 waterfall, the later trend may be more strong, pay attention to the 60 average support, not below the low can be low, short term, not more than 7 days of the cycle.

MANA

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Mana has been in adjustment after the early surge. Recently, it made a breakthrough and stepped back along with a big drop. It may start the second wave of market with support level 3–3.05 and stop loss if pressure level 4 falls below 2.8.

Risk Warning

The above analysis is for reference only. Please be cautious when invest as there are risks in the currency market.

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Blockchain views

According to Viewblock data, the number of transfers on the blockchain storage protocol Arweave continued to hit a new all time high on August 14, reaching 111,764 transactions, a 28% increase from the previous historical high of 87,314 transactions on August 11. A sharp increase of more than 100% compared to the 225,400 on-chain transfers last week, setting a weekly record. Today, AR has the highest increase on ZT exchange which is more than 40%, and the value of AR is still undervalued.