Morning Analysis by AICoin: Market Analysis of BTC, ETH, and DOGE is Coming.

CN
1 year ago

The morning market may go how? Little A analyzes for you!

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BTC

BTC's 1-hour price trend: Up.

Little A Morning Analysis: BTC, ETH, DOGS Market Analysis Coming_aicoin_Figure 1

This is a 1-hour Binance BTC/USDT K-line chart, with the latest price at: 61219.0 USDT, including EMA, MACD, KDJ, and volume indicators.

【Buy/Sell Points】

  • Buy Point 1: 60500 USDT (Considering the bullish arrangement of EMA(7) and EMA(30), and the MACD indicator showing the current trend as a bullish market, choose to enter near the recent support level)

  • Buy Point 2: 60000 USDT (If the price retraces to this level, close to EMA(30) and with support from the previous low point area, it can be considered a strong buying signal)

  • Long Stop Loss: 59500 USDT (Allowing enough space to avoid triggering a stop loss due to small fluctuations, while being conservative by setting it below the recent low of 57588.8 in the last few hours)

  • Sell Point 1: 62000 USDT (Combining the high J value in KDJ may indicate overbought conditions, setting a relatively conservative selling target)

  • Sell Point 2: 63000 USDT (Assuming the market continues to be bullish, a higher profit target can be set, but be prepared to adjust the strategy according to market changes)

  • Short Stop Loss: 63500 USDT (Above Sell Point 2, to prevent larger losses due to a breakthrough surge, it should be set at a relatively safe level)

【Price Trend Analysis】

  1. K-line Form:

    • In the recent few hours, the price has fluctuated significantly from the low of 57588.8 to the high of 61458. In the latest period (07:00), the K-line shows a long solid bullish candle, indicating buyer control of the market.
    • From 23:00 on September 18 to 07:00 on September 19, there were multiple occurrences of long lower shadows, suggesting buying interest whenever the price fell.
  2. Technical Indicators:

    • MACD Indicator: Both DIF and DEA are in positive territory, with DIF higher than DEA, and the MACD histogram showing an increasing trend, indicating the current market is in a bullish trend.
    • KDJ Indicator: The J value is at 89.62, relatively high, possibly indicating overbought conditions; however, both K and D values are still rising, without crossing, supporting further bullishness.
    • EMA Indicator: EMA(7) in the latest period is at 60472.2, higher than EMA(30) at 60031.3, with the short-term moving average crossing above the long-term moving average, a typical bullish signal.
  3. Volume:

    • Volume increased significantly during price fluctuations, such as at 23:00 on September 17 and 02:00 on September 18, which usually indicates strong market participation and trend confirmation.
    • The volume in the latest period, 14781.9250, is significantly higher than the previous period's 5023.2810, combined with the long solid bullish candle, indicating strong buying pressure.

ETH

ETH's 1-hour price trend: Up.

Little A Morning Analysis: BTC, ETH, DOGS Market Analysis Coming_aicoin_Figure 2

This is a 1-hour Binance ETH/USDT K-line chart, with the latest price at: 2355.30 USDT, including EMA, MACD, KDJ, and volume indicators.

【Buy/Sell Points】

  • Buy Point 1: 2330 USDT (Recently, EMA(7) crossed above EMA(30), and MACD shows positive values, indicating a short-term uptrend. Near 2330 USDT is the recent support level in the last few hours, which can be considered as an initial buying point)

  • Buy Point 2: 2300 USDT (This price is close to the low point between 21:00 on September 17 and 01:00 on September 18, and if the market tests this level again, buying support may appear)

  • Long Stop Loss: 2280 USDT (Leaving a large space to avoid triggering a stop loss due to small fluctuations, while below 2280 USDT is the bottom of the previous long lower shadow hammer, a breach of which may indicate a deeper adjustment)

  • Sell Point 1: 2380 USDT (Close to the recent high of 2392.62 USDT, it can be expected that selling pressure will be encountered in this area, suitable as the first profit-taking point)

  • Sell Point 2: 2400 USDT (A psychological barrier slightly higher than the recent period's high price, if the price can break through, it may attract more buyers, but also be wary of potential downside risks)

  • Short Stop Loss: 2420 USDT (Above Sell Point 2, leaving some space to prevent triggering a stop loss due to a false breakthrough)

【Price Trend Analysis】

  1. K-line Form:

    • The recent K-line shows intensified price fluctuations, especially during the period from 23:00 on September 17 to 02:00 on September 18, indicating active market sentiment. In the latest hour, the price rose from the opening of 2338.88 to 2355.30, forming a small bullish candle, with the closing price close to the high, indicating increased buyer control.
    • A long lower shadow hammer form appeared between 08:00 and 09:00 on September 17, followed by a price rebound, which may indicate that the previous downtrend encountered support.
  2. Technical Indicators:

    • In the MACD indicator, the DIF remains above the DEA, and the MACD histogram is positive (10.02), indicating the presence of upward momentum, but due to the relatively low value, potential reversal risks should be noted.
    • In the KDJ indicator, the K value (67.97) is above the D value (57.79), and the J value (88.32) has a significant deviation, indicating potential overheating in the short term and the presence of downward pressure.
    • In the EMA indicator, EMA(7) (2331.82) is higher than EMA(30) (2321.25), with the short-term moving average crossing above the long-term moving average, showing a bullish arrangement and a positive short-term trend.
  3. Volume:

    • The volume in the latest period, 74519.2050, is slightly lower than the previous few periods, but still above average, combined with the current price increase, it can be seen as a certain degree of validation of the uptrend.
    • Observing historical data, significant increases in volume accompanied significant price fluctuations, such as the large bullish candle and huge volume at 23:00 on September 17, usually indicating a strong buying signal.

DOGS

DOGS's 1-hour price trend: Sideways.

Little A Morning Analysis: BTC, ETH, DOGS Market Analysis Coming_aicoin_Figure 3

This is a 1-hour Gate DOGS/USDT K-line chart, with the latest price at: 0.000954 USDT, including EMA, MACD, KDJ, and volume indicators.

Buy/Sell Points

  • Buy Point 1: 0.000950 USDT (After rebounding multiple times near this price level recently, it has shown strong support)

  • Buy Point 2: 0.000930 USDT (If the price falls below the 0.000950 support level, the next potential support level is around 0.000930)

  • Long Stop Loss: 0.000910 USDT (Allowing enough space to avoid triggering a stop loss due to small fluctuations, while considering the possibility of greater selling pressure below 0.000930)

  • Sell Point 1: 0.000970 USDT (EMA(7) is currently in an uptrend, and this price level serves as a relatively high point in the near term, suitable for partial profit-taking)

  • Sell Point 2: 0.000990 USDT (Close to the recent high points, a breakthrough may test the resistance level within the 1-hour period)

  • Short Stop Loss: 0.001005 USDT (Above Sell Point 2, leaving some space to prevent triggering a stop loss due to small fluctuations)

Price Trend Analysis

  1. K-line Form:

    • Recently, the K-line has shown multiple long lower shadows, indicating buying interest at lower levels and strong support.
    • Between 11:00 and 12:00 on September 18, there was significant price fluctuation, forming a K-line with a long upper shadow, possibly indicating a shooting star pattern, suggesting top pressure.
  2. Technical Indicators:

    • MACD Indicator: The DIF and DEA values are close, and the MACD histogram is not very high, indicating a market in a oscillating state without a clear trend.
    • KDJ Indicator: The J value has exceeded 100 in multiple time periods, indicating overbought conditions and the need to be cautious of downside risks. However, the latest data shows that the K value (75.94) is still higher than the D value (59.77), without forming a dead cross.
    • EMA Indicator: EMA(7) has consistently been above EMA(30), and the short-term uptrend has not changed.
  3. Volume:

    • The volume peaked at 02:00 on September 18 and gradually decreased, in line with the trend of the price falling from the high point.
    • The volume has been stable in the recent few hours, with no abnormal volume surges, indicating relatively calm market participant sentiment.

※All content is provided by the intelligent analysis assistant Little A, and is for reference only, not constituting any investment advice!

Little A's intelligent analysis is Pionex's industry-leading intelligent analysis tool, which easily helps you interpret the trend of currencies, analyze indicator signals, and identify entry and exit points. You can experience it on the APP or PC.

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