[CVX] Clinton Daily Analysis June 19
24-hour trend [up]
[Buy and sell points]
Buy point 1: 3.500 USDT (reason: close to the previous high and integer mark, may form support)
Buy point 2: 3.300 USDT (reason: close to the low of June 18, and it is a strong support area)
Long stop loss point: 3.200 USDT (reason: slightly lower than the low of June 17, if it falls below this level, the trend may weaken)
Sell point 1: 4.0 00 USDT (reason: integer level, close to the recent highest point, with selling pressure risk)
Selling point 2: 4.500 USDT (reason: further upward space after breaking through 4.000, the next important pressure level)
Short stop loss point: 4.600 USDT (reason: slightly higher than selling point 2, to prevent false breakthrough)
[Price trend analysis]
K-line pattern:
The recent K-line shows a continuous upward trend, especially the four positive lines from June 16 to June 19, showing strong buying power. Long upper shadows appeared on June 17 and 18, indicating that there is a certain selling pressure at high levels.
Technical indicators:
MACD: DIF and DEA form a golden cross, and the MACD histogram continues to expand, indicating that the current market is in a bull market. RSI: The RSI14 value is 73.160, entering the overbought range, but not yet extremely overbought. It is necessary to pay attention to whether it will continue to remain in the overbought area. EMA: The price has broken through and stabilized above the EMA7, EMA30 and EMA120 moving averages. The short-term, medium-term and long-term moving averages are in a bullish arrangement, with strong support.
Volume:
The volume increased significantly from June 16 to June 18, indicating that a large amount of funds poured in, pushing prices up. The volume fell back on June 19, but remained at a relatively high level, indicating that market sentiment is still positive. $CVX