Market Analysis on December 21, 2021
BTC’s four-hour level broke through for the fourth time, but it’s too early in terms of time. We need to pull back to 47700 to see if we can stand firmly. If we don’t fall below 47700, you can consider getting in again. If we don’t step back and hit the vicinity of 49500 Consider the band to take profit partly.
Luna broke through 80, tvl surpassed bsc to become the second largest tvl public chain, including the benefits of release, but the entire ecology is only supported by two dex and the currency price is not optimistic, short-term need to pay attention to the risk of drop back, from 57 to the current 80 has an increase of Up to 40%.
Yesterday we have also mentioned that currently only luna was worth the attention
Real also showed that the early growth rate is too fast and needs to be adjusted. The current price is basically in place. You can consider slowly intervening again. The early stage finishing platform is basically at 12–15. Due to the lock-up of the organization, the current flow success is relatively high, so don’t worry. There will be no too much drop.
Thanks to Binance’s support, the sandbox has gained a huge amount in the early period, and the adjustment is basically in place. Through the sideways adjustment, the current break through the 60-day moving average and we will wait for a rise.
Rndr currently has no obvious positivity on the news, but from the perspective of the overall capital trend, it has a high degree of control. After the listing of Binance, it did not show a significant increase. It may also form a second wave of market, which is suitable for long-term investors.
The above analysis is for reference only. There are risks in the currency market, and investment needs to be cautious.