A new week has started again, brothers, let's also be happy on Monday!
1. Short-term Technical Analysis
In the cycle K-line chart, the short-term moving averages such as MA5, MA10, MA30, and MA60 show a clear upward arrangement, indicating a strong short-term trend.
Although the MACD histogram remains in the negative value range, the length of the bars is gradually shortening, indicating that the market's bullish momentum is weakening, and bearish momentum is expected to gradually increase, suggesting a potential trend reversal opportunity in the short term.
2. Operation
Long position entry range: It is recommended to layout long positions in the 2.7-2.8 range.
Target levels: The first target above is 3.0, the second target is 3.1, and the subsequent target can be further looked at around 3.3.
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XRP
A new week has started again, brothers, let's also be happy on Monday!
1. Short-term Technical Analysis
In the cycle K-line chart, the short-term moving averages such as MA5, MA10, MA30, and MA60 show a clear upward arrangement, indicating a strong short-term trend.
Although the MACD histogram remains in the negative value range, the length of the bars is gradually shortening, indicating that the market's bullish momentum is weakening, and bearish momentum is expected to gradually increase, suggesting a potential trend reversal opportunity in the short term.
2. Operation
Long position entry range: It is recommended to layout long positions in the 2.7-2.8 range.
Target levels: The first target above is 3.0, the second target is 3.1, and the subsequent target can be further looked at around 3.3.