Evening market trends may go how? Little A explains for you!
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ETH
1-hour price trend of ETH: Sideways.
This is a 1-hour Binance ETH/USDT K-line chart, with the latest price at: 2619.40 USDT, including EMA, MACD, KDJ, and volume indicators.
【Buy/Sell Points】
Buy point one: 2620 USDT (recent EMA(7) crossing above EMA(30), KDJ indicator J value surpassing KD, implying potential rebound)
Buy point two: 2590 USDT (near this price is a frequently tested support level, caution is needed if broken, but can be used as a lower-risk entry point)
Long stop loss point: 2570 USDT (below buy point two and with enough space to avoid triggering stop loss due to small fluctuations, while considering the support of the previous low point at 2513.65 USDT)
Sell point one: 2670 USDT (close to the recent high points within the last few hours, expected to encounter resistance)
Sell point two: 2720 USDT (top area between 17:00 and 19:00 on August 14, a significant resistance level)
Short stop loss point: 2750 USDT (above sell point two, and considering 2788.88 USDT as the recent high point, providing enough space to avoid triggering prematurely)
【Price Trend Analysis】
K-line pattern:
- Recent K-lines show significant price fluctuations, especially with a long upper shadow line candlestick at 20:00 on August 14, indicating selling pressure at high levels. Subsequently, the price has fallen.
- Over the past few hours, the candlestick bodies have gradually narrowed, accompanied by some short upper and lower shadow lines, indicating weak market decisiveness, possibly in a consolidation phase.
Technical indicators:
- In the MACD indicator, both DIF and DEA are negative and the MACD histogram shows signs of narrowing, suggesting that selling pressure is weakening, but it still needs to be observed whether a golden cross will occur to turn into a buyer's market.
- The KDJ indicator's J value has surpassed both the K value and D value in the latest data, which is usually considered a buying signal, especially when they are both at low levels (such as below 30).
- The EMA indicator's 7-period EMA is trending to cross above the 30-period EMA, if it continues, it may indicate a bullish trend in the short term.
Volume:
- Volume increased significantly during large price fluctuations, such as the high volume corresponding to the large bullish candlestick at 20:00 on August 14, indicating strong bullish momentum.
- The volume has been relatively stable over the past few hours, with no significant increase or decrease, consistent with the current sideways consolidation trend.
bome
1-hour price trend of bome: Sideways.
This is a 1-hour HTX bome/USDT K-line chart, with the latest price at: 0.006868 USDT, including EMA, MACD, KDJ, and volume indicators.
【Buy/Sell Points】
Buy point one: 0.006850 USDT (this support level has been touched several times recently and not broken, can be considered a strong support area)
Buy point two: 0.006800 USDT (near the low points at 11:00 on August 16 and 21:00 on August 15, if further downward, support may be found here)
Long stop loss point: 0.006750 USDT (with enough space to avoid triggering stop loss due to small fluctuations, while considering protection below the psychological barrier of 0.006800 USDT)
Sell point one: 0.007000 USDT (pressure exists between EMA(7) and EMA(30), may encounter resistance when the price rises)
Sell point two: 0.007100 USDT (near the high point at 10:00 on August 14, if the price can break through, it may usher in a larger upward trend)
Short stop loss point: 0.007150 USDT (exceeding sell point two and leaving some space, reducing the risk of triggering stop loss prematurely due to minor rebounds)
【Price Trend Analysis】
K-line pattern:
- Recent K-lines show significant price fluctuations, with several long upper shadow line candlesticks (such as at 22:00 on August 15), indicating heavy selling pressure at high levels.
- From 01:00 to 03:00 on August 16, three consecutive small-bodied bearish candlesticks, with gradually decreasing closing prices, may indicate a short-term strengthening of selling pressure.
Technical indicators:
- In the MACD indicator, the DIF and DEA values are close and hovering near the zero axis, and the MACD histogram also shows slight positive and negative changes, suggesting that the market is in a state of no clear trend.
- The KDJ indicator's J value is 77.20 in the latest data, relatively high, possibly indicating an overbought situation, requiring vigilance against the risk of a pullback.
- The EMA indicator's 7-period EMA (0.006872) is slightly lower than the 30-period EMA (0.006944), with the short-term moving average crossing below the long-term moving average, possibly a short-term bearish signal.
Volume:
- After reaching a peak at 22:00 on August 15, the volume has decreased, but overall remains at a high level, indicating high market activity.
- The volume has decreased over the past few hours, consistent with the price trend, reflecting the cautious sentiment of market participants.
SOL
1-hour price trend of SOL: Upward.
This is a 1-hour Binance SOL/USDT K-line chart, with the latest price at: 143.973 USDT, including EMA, MACD, KDJ, and volume indicators.
【Buy/Sell Points】
Buy point one: 144.00 USDT (the current price is close to the EMA(7) support level, and the MACD shows a golden cross, suitable as an initial buying point)
Buy point two: 142.00 USDT (considering the lowest price of 137.65 and the K-line with a long lower shadow, buying at a deeper pullback position to get a better entry price)
Long stop loss point: 140.50 USDT (below buy point two, and with enough space to avoid triggering stop loss due to small fluctuations)
Sell point one: 148.00 USDT (near the recent high point, can be a target for short-term profit-taking)
Sell point two: 152.00 USDT (close to the highest price of 152.13, if the market continues to be bullish, it can be set as a further profit-taking target)
Short stop loss point: 153.50 USDT (above sell point two, providing a certain space for short-selling to prevent triggering stop loss due to breaking new highs)
【Price Trend Analysis】
K-line pattern:
- Recent K-lines show significant price fluctuations, such as the long bullish candlestick at 20:00 on August 14 and the subsequent alternating small-bodied bullish and bearish candlesticks over the next few hours, indicating market controversy but with a bullish advantage.
- Between 06:00 on August 16 and the latest data, there are some K-lines with long lower shadows, such as at 03:00 and 02:00 on August 16, which may indicate buyers supporting the price at lower levels.
Technical indicators:
- MACD indicator: The latest MACD value is positive (0.612), and the DIF has crossed above the DEA, showing a golden cross state, implying a possible upward trend in the near future.
- KDJ indicator: The J value is higher than the K and D values, at 85.99, close to the overbought area, requiring caution against the risk of a pullback.
- EMA indicator: The EMA(7) is above the EMA(30), indicating short-term upward momentum stronger than the long-term, current trend is bullish.
Volume:
- Volume peaked at 20:00 on August 14 and gradually decreased, consistent with the price trend, indicating a weakening of the upward momentum.
- The volume has been stable over the past few hours, with no significant increase or decrease, reflecting relatively stable market participant sentiment.
※All content is provided by the intelligent analysis assistant Little A, and is for reference only, and does not constitute any investment advice!
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