The Musk effect is waning and Ether is expected to keep rallying!

Now, Musk’s latest tweet seems to have a minimal impact on the market, and one might even consider it to have a negative impact.

  1. Daily Analysis

The importance of $30,000 cannot be overstated!

Btc Analysis.

The Musk effect is waning and Ether is expected to keep rallying!

For the first time, Elon Musk’s tweet had no impact on dogcoin. The billionaire had earlier tweeted about dogcoin. But this time, dogcoin didn’t react accordingly. In fact, the price of dogcoin has dropped 2% since the tweet by Elon Musk, who is known for his tweets pushing up the price of dogs. His tweets have pushed up the price of dogcoin by over 20,000% on his own. The price of dogcoin would skyrocket minutes after each of his relevant tweets over the past few months. It led to concerns about insider trading and produced no useful results. Now, Elon Musk’s tweet didn’t change the price of dogcoin. elon musk tweeted “let the dogs go” but dogcoin didn’t fluctuate.

Now, Musk’s latest tweet seems to have a minimal impact on the market, and one might even think it has a negative impact. It could be that the market is not ready for the next bull market, or that investors have finally realized that one person’s tweet should not be a factor in deciding whether they buy or sell crypto assets. Hana also believes that the good or bad of a coin shouldn’t change because of someone’s comments, but ultimately it comes back to the value itself.

Bitcoin led the mainstream coins to basically recover yesterday’s losses late yesterday evening, indicating that the bulls are starting to show resistance. Support level: 32500, pressure level 35000.

eth analysis.

The Musk effect is waning and Ether is expected to keep rallying!

eth linked to the broader market is stronger than the broader market, yesterday fell so much were more than recovered, there are signs of stopping the fall, good approaching, the trend will be stronger than the other coins, the operation is recommended to retrace the focus on the layout. Support level 2050, pressure level 2250.

bch analysis.

The Musk effect is waning and Ether is expected to keep rallying!

bch also did not have a good rebound yesterday, the trend is very weak, flower is expected to bch does not break through the pressure of the middle rail of the Bollinger band, there will not be too good performance, the operation is recommended to wait and see it. Support level 470, pressure level 520.

bsv analysis.

The Musk effect is waning and Ether is expected to keep rallying!

bsv now dead or alive on one principle, is not to chase up, continue to wait for the low price chips in the 110-130 range. Support level 137, pressure level 152.

ltc analysis.

The Musk effect is waning and Ether is expected to keep rallying!

ltc trend is equally weak, suppressed by the middle rail of the Bollinger band to death, no volume breakthrough does not participate. Support level 130, pressure level 142.

link analysis.

link three consecutive days of cross stars, multi-air balance, multi-air are not force, flower brother that will continue to shock adjustment, it is recommended to continue to wait and see. Support level 17.0, pressure level: 18.5.

ada analysis.

The Musk effect is waning and Ether is expected to keep rallying!

ada remember the principle of flower brother, the recent not on the 120-day average do not operate, the release on the 120-day average can be light position to catch up, hold the bottom position waiting. Support level 1.32, pressure level: 1.40.

xrp analysis.

xrp linked to the broader market, weaker than the broader market, suppressed by the middle rail of the Bollinger band, the short-term will not have too good performance, continue to hold a bottom position. Support level 0.62, pressure level 0.68.

zec analysis.

zec is not only suppressed by the middle rail of the Bollinger band and the 30-day SMA, but also fell below the 5-day SMA support, really adding insult to injury, the short-term trend will be relatively weak, it is recommended to hold a bottom position to wait and see. Support level 105, pressure level 120.

xtz analysis.

xtz four-hour top divergence has not yet finished, the daily line is also suppressed by the 30-day SMA dead, Hua believes that xtz short term will not have too good trend, it is recommended to hold a bottom position. Support level 2.70, pressure level: 3.05.

dot analysis.

dot stop falling horizontal, but not at all strong, the long side also do not take advantage of the opportunity to pull the plate, the air force also do not take advantage of the opportunity to steal, the probability of continued weak shock, it is recommended to hold the bottom position. Support level: 14.5, pressure level: 15.5.

uni analysis.

uni four-hour manipulation oscillating trend, not strong nor weak, pullback to 15.5 near the recommended low suction, release breakthrough Bollinger band in the pressure recommended to chase up, the middle band on their own high throw low suction. Support level: 17.0, pressure level: 19.0.

sushi analysis.

sushi trend is also very weak, by the Bollinger band in the rail suppression of the dead, it is recommended to hold the bottom position to wait and see. Support level 7.0, pressure level 7.6.

The key note: flower analysis of the trend is valid for 24 hours, suitable for short term traders, if you can not insist on reading the article every day, it is easy to miss the operation guidance and cause losses. Buddhist coin holders can ignore the short-term trend and take a year, making money is probable.

2、Daily Coin News

Daily hot news interpretation

After Canada, the UK and Japan issued warnings to Coinan last week, this week, the Cayman Islands, Singapore and Thailand have launched investigations into Coinan. The response of each country is likely to mean that the US investigation of Coinan is moving towards a more in-depth stage. Since the main site of Cryptocurrency is not registered in the U.S. and the operator is not an American, the U.S. government agencies need to obtain information about Cryptocurrency and inevitably need to communicate through other countries. For example, the founder of Coinan, Zhao Changpeng, is a Canadian and is based in Singapore, while the trademark of Coinan is registered under its name Binance Holdings Limited in the Cayman Islands, so if the U.S. wants to investigate Coinan, it will inevitably have to obtain relevant information through these countries. Before September 2017, Coinan moved its office from China to Japan, and although it later moved out of Japan, there is no doubt that Japan also has a lot of information about Coinan.

Of course, this is just a guess, as Coinan has a wide footprint, as the US investigation continues, more countries may suddenly “realize” that Coinan is operating in their country and issue warnings accordingly. The company is also expected to be in a similar situation, after all, the U.S. and China have not done anything yet. The first thing he did was to accept an investment from Temasek, the state-owned capital of Singapore, after rejecting Sequoia’s investment and even going to court. So we also see that Singapore’s rhetoric is extraordinarily mild, only saying that it will “investigate as appropriate”. Singapore’s “umbrella” can hold up for how long, but also need to see the pressure of the United States and China. The second is the current strategy of some centralized exchanges: DeFi-ization. Bybit, for example, has injected huge profits into BitDAO, while CoinAnchor already has a strong BSC and Pancake DeFi system. While everyone thinks BSC is competing with Ether, it’s actually another option under strong regulation. For a globally renowned exchange like CoinAn, obtaining digital asset trading licenses in more countries is an important guarantee for its overseas operations. In a sense, the actions of the big firms represent the vane of the whole industry, and the whole crypto industry is bound to move towards a more legal and compliant path in the future.

3、Recent Recommendations

Follow the trend and be a follower of the trend

Yesterday btc pins closed up, short-term should not be good to fall, hold positions and so eth outbreak, the other no operation, we see tomorrow!

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/the-musk-effect-is-waning-and-ether-is-expected-to-keep-rallying/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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