Evening market trends: How might they unfold? Little A analyzes for you!

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SUI

SUI's 1-hour price trend: Down.

This is a 1-hour OKX SUI/USDT candlestick chart, with the latest price at: 1.8524 USDT, including EMA, MACD, KDJ, and volume indicators.

【Buy and Sell Points】

• Buy Point One: 1.80 USDT (Considering the proximity of EMA(7) and EMA(30), if the price retraces to this level, there may be support)

• Buy Point Two: 1.75 USDT (Near the low point of October 02 at 04:00, a strong psychological and technical support level)

• Long Stop Loss Point: 1.73 USDT (Leave enough space to avoid triggering the stop loss due to minor fluctuations, while being below Buy Point Two)

• Sell Point One: 1.90 USDT (Recently tested this area multiple times without breaking through, can be used as an initial selling point)

• Sell Point Two: 1.95 USDT (Below the recent high, expected to face selling pressure)

• Short Stop Loss Point: 2.01 USDT (Above the highest price in the recent cycle, providing protection for shorting)

【Price Trend Analysis】

1. Candlestick Patterns:

   • Recent candlesticks show significant price fluctuations, with several long upper shadow candlesticks appearing between October 02 at 09:00 and October 03 at 17:00 (such as October 02 at 23:00 and October 03 at 09:00), indicating selling pressure at high levels.
   • From October 01 at 21:00 to October 02 at 04:00, several small-bodied candlesticks appeared, with closing prices close to opening prices, possibly reflecting market uncertainty.

2. Technical Indicators:

   • In the MACD indicator, both DIF and DEA are in a downward trend, and the MACD value has turned from positive to negative, suggesting an increase in bearish momentum in the short term.
   • In the KDJ indicator, the J value is below the K and D values in the latest data, and all three are in a downward trend, which is typically seen as a sell signal.
   • The EMA indicator shows that the 7-period EMA is gradually approaching the 30-period EMA; if the 7-period EMA falls below the 30-period EMA, it may further confirm the downtrend.

3. Volume:

   • Volume peaked at 01:00 on October 02 and has gradually decreased since, indicating weakening buying power.
   • The volume has been relatively stable in recent hours, but no significant increase has been observed, lacking the volume support for effective breakthroughs or reversals.

EIGEN

EIGEN's 1-hour price trend: Down.

This is a 1-hour Gate EIGEN/USDT candlestick chart, with the latest price at: 3.324 USDT, including EMA, MACD, KDJ, and volume indicators.

【Buy and Sell Points】

• Buy Point One: 3.35 USDT (Near the crossover point of EMA(7) and EMA(30), there may be support)

• Buy Point Two: 3.25 USDT (In the low point area from October 03 at 07:00 to the latest data, if it further dips to this price, it may form strong support)

• Long Stop Loss Point: 3.15 USDT (Slightly below Buy Point Two, allowing market fluctuation space while avoiding deep retracement triggering the stop loss)

• Sell Point One: 3.40 USDT (Above the current price, considering short-term pressure and the downward trend indicated by the EMA)

• Sell Point Two: 3.50 USDT (A resistance level that has been tested multiple times recently without breaking through, suitable for profit-taking)

• Short Stop Loss Point: 3.55 USDT (Above Sell Point Two, reserving space to deal with adverse price reversals)

【Price Trend Analysis】

1. Candlestick Patterns:

   • Recent candlesticks show significant price fluctuations, with a long upper shadow candlestick appearing at 01:00 on October 02, indicating heavy selling pressure at high levels, followed by a price pullback.
   • From October 03 at 06:00 to the latest data, a downward trend is observed, with short bodies and small bearish candlesticks appearing consecutively, reflecting a market leaning towards sellers.

2. Technical Indicators:

   • MACD Indicator: DIF is operating below DEA, and the MACD value has turned from positive to negative (as of October 03 at 09:00), suggesting an increase in bearish momentum in the short term.
   • KDJ Indicator: The J value peaked at 22:00 and has begun to decline, with both K and D lines also in a downward trend, indicating further potential declines.
   • EMA Indicator: EMA(7) has been continuously declining since 16:00 on October 02 and remains below EMA(30), signaling a bearish outlook in the short term.

3. Volume:

   • Volume has decreased during the price decline, for example, at 17:00 on October 03, compared to the previous hour, indicating weakened buying power in the downtrend.
   • Volume increased at high prices, such as at 01:00 on October 02, when volume surged as prices reached recent highs, but the price quickly retreated afterward, indicating significant selling pressure at high levels.

W

W's 1-hour price trend: Down.

This is a 1-hour Binance W/USDT candlestick chart, with the latest price at: 0.3277 USDT, including EMA, MACD, KDJ, and volume indicators.

【Buy and Sell Points】

• Buy Point One: 0.315 USDT (Considering the downward crossing of EMA(7) and EMA(30), the price may continue to test lower levels. If the price stabilizes above this level, it can be seen as a short-term support level, suitable as an initial buy point.)

• Buy Point Two: 0.305 USDT (The recent lowest price appeared near 0.2759 USDT, but given the current trend, 0.305 USDT may form strong support, thus can be set as a more conservative buy point.)

• Long Stop Loss Point: 0.300 USDT (Leave enough space to avoid triggering the stop loss due to minor fluctuations, and below Buy Point Two; if it falls below this level, the long-term trend may further deteriorate.)

• Sell Point One: 0.340 USDT (Based on the trend of EMA(7), this level may be a recent resistance level, suitable as an initial selling point.)

• Sell Point Two: 0.350 USDT (Combining the price points when volume increased and the KDJ indicator, this may be a psychological price level of interest to market participants, also a previous high point area, suitable as a second target selling point.)

• Short Stop Loss Point: 0.355 USDT (Above Sell Point Two, providing enough buffer space for shorting, while exceeding this price may indicate a market sentiment reversal, requiring timely exit from short positions.)

【Price Trend Analysis】

1. Candlestick Patterns:

   • Recent candlesticks show increased price volatility, especially with a large bullish candlestick appearing at 14:00 on October 02, indicating buyers controlling the market. In the following hours, although there was a pullback, the overall trend remained upward.
   • From 01:00 to 17:00 on October 03, the price showed a downward trend, with multiple failed attempts to rebound, closing below the opening price, forming short bearish candlesticks.

2. Technical Indicators:

   • MACD Indicator: Both the MACD line (DIF) and the signal line (DEA) are in negative territory, and the MACD histogram (MACD) is negative, indicating that the current market may be in a bear market. The latest data shows that DIF is further declining, reinforcing this view.
   • KDJ Indicator: The J value has recently been overbought but has now fallen back to near 0, suggesting potential oversold conditions or weakening momentum in the market.
   • EMA Indicator: EMA(7) continues to cross below EMA(30), indicating heavy selling pressure in the short term, with the long-term trend also showing a downward trajectory.

3. Volume:

   • During significant price fluctuations, such as at 14:00 on October 02, volume significantly increased, indicating that the price movement was widely recognized by market participants.
   • In recent hours, volume has gradually decreased alongside the price decline, possibly indicating that the downtrend is losing momentum.

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

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