Market Analysis on October 26th, 2021

Market Analysis on October 26th, 2021

By ZT Global | Blockchain views | 26 Oct 2021


BTC

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BTC now form a new cabinet in the interval, but the trend has been destroyed, so for the first time arrived at the trend line pressure near a possible failure to breakthroughs precipitously, positions the heavier cases need to be considered control positions, reach the average support can consider to continue to low suction, pressure support 62700, 66800

ETH

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ETH trend is relatively regular, once back down near the MA60 average will start to rebound. Rebound to a certain height will continue to fall, so we try to BTC drop in ETH led to the situation of low purchase is the best choice, the time window is approaching, in addition to long-term investors, light position intervention is good.

Material

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After the early surge, it has been adjusted for 4 weeks in a row and reached the weekly support level. It is expected to rebound more than 30%, so it needs patience to hold. The support level is 1.31, and the target is more than 30%. Can wait for the day line level of intervention in batches

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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ZT Global
ZT Global

ZT, a global crypto exchange platform which aims to provide the best users' experience,and it's invested by SOFTBANK.


Blockchain views
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.

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