Today’s Top Three of Concept Panel: “Exchange-Issued Token”, “Prediction” and “Hyper Hashrate”. Any rise in cryptomarket is driven by capital. The concept panel rank rotates with a constant main force capital’s input and output.
Foreword:
BTC has sent out a negative signal as it failed to surpass $7,600 in the past 24 hours. If the main force of long positions choose to march forward, BTC could rebound to $7,800 in a short term. The 4-hour trend line implies a possible downturn. BTC looks positive in a long term, but is still likely to test $7,265 again. Be advised with high volatility. Trade with caution.
Top Three Concept Panel Gainers
“Exchange-Issued Token” “Prediction” “Hyper Hashrate”.
First part. Exchange-Issued Token (26 coins/ 12 rise, 14 drop) increased 0.02% by average with a $188 billion 24-hour trade volume and 3 credits on the Liveness Index.
Exchange-Issued Token leads the gaining list alone, slightly up by 0.02%. As previously mentioned, Exchange-Issued Token is under a full-blown pullback after a price boom, which will slow down when small portion of cap flow in for risk protection as the broad market falls and speed up with cap outflow while the broad market revives.
At this time, we do not recommend buying in as the correction is expected to continue in the short run.
OKB
OKB is trading sideways in lack of an upward momentum with hedge funds persistantly flowing in for days. Bollinger middle band runs under the moving average. OKB price is estimated to dip to $3.
HT
Similar to OKB, we also predict HT to drop to $3.
Second part. Prediction (9 coins/ 3 rise, 6 drop) decreased 0.24%, with the 24-hour trade volume reaching $17 million, gaining 2 credits on the Liveness Index.
Prediction Panel is showing a major downtrend against a minor rebounce of the broad market. There is no buying-in signal for now.
DPY and BOT
Both coins remain high and volatile with probability of a continuous loss. Selling signal is strong. Buyers should wait for a clearer buying-in signal while holders should trade with caution.
Third part. Hyper Hashrate (6 coins/ 2 rise, 4 drop) decreased by 0.4% with a $31 million trading volume in a 24-hour period. Liveness Index shows Hyper Hashrate marks 1 credit.
Hyper Hashrate mirrors the broad market and doesn’t get much popularity.
That’s it. Coinness Panel Fame is a reference that should not form any evidence to your trade decision. Please stay focused and trade with caution. See you TMR.
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