Evening Market Report October 19

According to data from Huobi Global, BTC is shaking to the downside in the late afternoon, with volume remaining at moderate levels. The highest price this morning is basically the same as the highest price in the previous days, but the lowest price recently is increasing, and the possibility of the price returning to the uptrend increases. From the 4h line, the last 5 days of EMA are long alignment, prices occasionally fluctuate, the overall is still relatively strong. The Bollinger band is expanding slightly, and the support of the middle rail is strong. At the daily level, today’s K-line is close to the crosshair, and the market has some divergence on prices. Although the recent uptrend has been suspended, the RSI has been above 70 for 13 consecutive days, showing that prices are still very strong. If the price can effectively break through the 63000 block and remain stable for some time, it is likely to challenge the previous high; meanwhile, the support role of 61500 and 60000 can be watched.

According to data from Huobi Global, ETH has acted as the dominant player in the day and dropped slightly in the afternoon. From the 4h line, the K-line runs near the middle track of the Bollinger Band, and the Bollinger Band opening remains unchanged; DIF continues to be located below the DEA, both of which run downwards, and the short position continues to dominate. From the daily point of view, ETH is currently a short-term positive line. The recent market situation is still bullish, so ETH continues to fluctuate at a high level, and it is predicted that there will be no sharp downward trend in the near term.

In terms of contracts, the data of Huobi Futures showed that BTC contract holdings increased slightly, contract trading volume decreased slightly, and the contract market was relatively inactive. The basis of the delivery contract is basically stable.

ETH contract holdings remained almost unchanged, contract trading volume declined slightly, and the contract market was relatively inactive. The basis of the delivery contract is basically stable.

About Huobi Research

Huobi Research was founded in April 2016 and started research and explorations in various aspects in Blockchain area since March 2018. We cover various fields such as Blockchain technology research, industry analysis, application innovation and economic model explorations. We aim to establish a research platform and to offer theoretical foundations as well as judgements of trends in Blockchain to the public, ultimately promoting the development of the Blockchain industry.

Follow Us

Twitter | Medium | Facebook

Disclaimer

Investing in digital assets carries risks and this article does not constitute operational advice.

Blockchain industry top think tank, affiliated to Huobi Group.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Powering DeFi: (De)centralized Sources of Truth

Reclaim, Revive and Recharge your Fanbase and Revenues with Blockchain

5-min read: Summary of the highlights of the POW’ER 2019 Conference

How Blockchain is Transforming Gaming (and Vice Versa)

Quick Steps to Super Stake DAFI on Polygon

Corrections in Conversational IVR (Part 1)

Create your own Domain with HNS

Evening Market Report(Dec.27)

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Huobi Research

Huobi Research

Blockchain industry top think tank, affiliated to Huobi Group.

More from Medium

Offsetting Crypto Carbon Footprint: Concepts and Calculations

How New Institutional Economics Explains the Rise of GameFi

A detailed guide to get Wrapped Ethereum ($WETH) on Polygon. Special for Atlantis World