Today's Position Analysis $CKB

From the daily level, CKB has formed a large-scale descending wedge, and obtained daily support at 0.006880. As predicted before, most of the FVG (0.0055-0.0084) left in February has been filled. Currently, there is still 0.0055-0.0061 FVG that has not been filled. The later the market goes, the smaller the possibility of filling, so the probability of continuing to explore and fill this FVG is shrinking. From the perspective of the RSI relative strength index, it is currently showing a bottom rebound pattern, with shorts dominating, but the trend is about to intersect and surpass the moving average, and there is a possibility of a market reversal in the future.

From the four-hour level, it is currently fluctuating upward. Combined with the previous demand range, 0.0061-00.0084 will form a new oscillation range. We need to observe whether we can get out of the accumulation structure in this range. The current market can be temporarily defined as a natural rebound after panic selling, but because the bottom trading volume is not huge, it cannot be judged as the bottom of the accumulation structure. It is best to wait and see for this kind of clearing and wait for the signal of the second test on the right.

From the VPVR chip concentration area indicator, the most concentrated area below is around 0.0034-0.0046, which is also the starting point of the market at the beginning of this year. There is relatively no chip concentration area between the current price and 0.0046, so there is no fixed chip support below. Subsequent support needs to be determined by real-time trading volume.