How will the market trend in the evening? Xiao A explains it for you!
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FTT
FTT's 1-hour price trend: Up.
This is a 1-hour HTX FTT/USDT candlestick chart. The latest price is: 2.1224 USDT. It includes EMA, MACD, KDJ and volume indicators.
【Buy and sell points】
Buy point 1: 2.1000 USDT (considering that EMA(7) crosses EMA(30) and MACD shows short-term upward momentum, choose to set a buy point near the recent support level)
Buy point 2: 1.9500 USDT (If the price pulls back to this level, the long lower shadow indicates that there is strong buying support in this area, which is suitable as a deeper buying point)
Long stop loss: 1.9000 USDT (below the second buy point, with enough space to avoid small fluctuations triggering the stop loss, and also an important psychological and technical support level before)
Selling point 1: 2.2000 USDT (the current price is close to this point. Combined with the overbought situation of the KDJ indicator, it may face certain callback pressure. You can realize some profits first)
Selling point 2: 2.3000 USDT (close to the high point in recent cycles. If it continues to rise, this position may form a resistance level and is suitable as a target price for further profit taking)
Short stop loss point: 2.3500 USDT (higher than the second selling point, giving the market enough room for fluctuations. It is also a relatively high point in the near future. Breaking through this point may mean that the upward trend will continue)
【Price trend analysis】
K-line pattern:
The recent K-line shows that price fluctuations have intensified, especially between 20:00 on September 29 and 08:00 on September 30, when there was a huge price fluctuation, indicating that market sentiment is highly unstable. In the last few hours, the price has fallen back and the closing price has stabilized.
Judging from the recent candlesticks, no typical reversal or continuation patterns (such as doji, hammer, shooting star, etc.) have appeared, but the presence of long lower shadows, especially on the candlesticks at 15:00 and 16:00 on October 01, may indicate that buyers are working hard to support prices.
Technical indicators:
In the MACD indicator, both DIF and DEA are above the zero axis, and DIF crosses DEA in the latest data. The MACD value is positive, which may indicate an increase in upward momentum in the short term.
In the KDJ indicator, the J value is 88.25, which is in the overbought area, while the K value and D value are also relatively high, which may mean that the price may face correction pressure in the short term.
In the EMA indicator, EMA(7) has crossed above EMA(30) in the latest data, which is generally regarded as a positive signal, indicating that the short-term trend is positive.
Volume:
The trading volume reached a peak at 20:00 on September 29 and then gradually decreased, which is consistent with the price falling from the high point.
The trading volume has remained stable in recent cycles, with no abnormal increase, indicating that the current price level may be temporarily recognized by the market.
ABOUT
SUI’s 1-hour price trend: sideways.
This is a 1-hour OKX SUI/USDT candlestick chart. The latest price is: 1.8852 USDT. It includes EMA, MACD, KDJ and volume indicators.
【Buy and sell points】
Buy point 1: 1.8300 USDT (prices have rebounded several times at this level recently, indicating that there is support)
Buy point 2: 1.8100 USDT (near EMA(30), long-term moving average may provide stronger support)
Long stop loss point: 1.8000 USDT (lower than the second buy point and the most recent low, providing protection for long positions)
Selling point 1: 1.9000 USDT (close to the high point of the cycle at 12:00 on October 1, and may encounter selling pressure)
Selling point 2: 1.9300 USDT (slightly lower than the highest price in the recent cycle, expected to be a larger resistance level)
Short stop loss point: 1.9400 USDT (exceeding the highest price in the recent period to reduce the risk of triggering stop loss due to small fluctuations)
【Price trend analysis】
K-line pattern:
The recent K-line shows that price fluctuations have intensified, especially in the period of 12:00 on October 1, when a long upper shadow line appeared, indicating that there is selling pressure in the market.
Judging from the recent hours, the closing price has increased relative to the opening price, but the increase is not large, and long lower shadows have appeared several times, suggesting that buyers are trying to support the price.
Technical indicators:
In the MACD indicator, both DIF and DEA are in the positive area, and the MACD histogram shows signs of shrinking, which may indicate a weakening trend strength or a potential reversal signal.
The J value of the KDJ indicator is at 56.61 in the latest data. Compared with the K value of 63.59 and the D value of 67.09, the J value is on the low side, which may indicate an oversold situation and we need to be wary of a rebound.
In the EMA indicator, the 7-period EMA (1.8674) is higher than the 30-period EMA (1.8151), indicating that the short-term trend is upward, but the gap is gradually narrowing. We need to pay attention to whether the long-term trend will change.
Volume:
When the price fluctuates significantly, the trading volume increases, such as the significant increase in trading volume during the 12:00 period on October 1, which usually means that there is strong market participation at that price level.
The trading volume in recent cycles has been relatively stable, with no abnormal increase or decrease, and the activity level of market participants has remained consistent.
ETHW
ETHW’s 1-hour price trend: sideways.
This is a 1-hour OKX ETHW/USDT candlestick chart. The latest price is: 3.748 USDT. It includes EMA, MACD, KDJ and volume indicators.
【Buy and sell points】
Buy point 1: 3.750 USDT (near the current price, where EMA(7) and EMA(30) intersect, which may be a short-term support level)
Buying point 2: 3.680 USDT (near the low point at 07:00 on September 30, previously used as a rebound point, there may be strong support)
Long stop loss point: 3.650 USDT (slightly lower than the second buying point, to allow room for market fluctuations and avoid small fluctuations triggering stop loss)
Selling point 1: 3.800 USDT (relative high point in recent hours. If the price rises back to this point, it may encounter resistance)
Selling point 2: 3.850 USDT (near the high point at 16:00 on October 1st. If it breaks through, there is potential for further rise, but be wary of a fall back)
Short stop loss point: 3.900 USDT (exceeding the second selling point, considering the short risk management, set above the obvious psychological barrier and technical resistance level)
【Price trend analysis】
K-line pattern:
The recent K-line shows that the price fluctuates greatly, with several long upper shadows (such as 00:00 on September 30 and 01:00 on October 1), indicating that buyers tried to push up prices but failed to maintain them, and there may be selling pressure.
Judging from the recent K-line, there is no obvious continuous specific combination pattern, but there is a sign of rebound after a small decline from 17:00 to 18:00 on September 30, forming a hammer-like pattern.
Technical indicators:
MACD indicator: The averages of DIF and DEA are close to and oscillate around the zero axis. The MACD histogram also shows a shrinking state, suggesting that the current market trend is not obvious and may be in a consolidation stage.
KDJ indicator: The J value exceeded 80 at most time points, indicating overbought; and the J value was below 20 between 08:00 and 09:00 on September 30, indicating oversold. Currently, the three KDJ lines are relatively stable, with no obvious golden cross or dead cross signals.
EMA indicator: The 7-period EMA and 30-period EMA lines are gradually getting closer, and in the latest data, the 7-period EMA slightly crossed below the 30-period EMA, which may be a signal of a weakening trend in the short term.
Volume:
After reaching a peak at 02:00 on September 30, the trading volume began to gradually decrease, which was synchronized with the price top, indicating that there may be selling behavior at high levels.
The trading volume has remained relatively stable in recent hours, but it has decreased significantly compared to the previous peak period, indicating that the market activity has decreased and the wait-and-see sentiment of participants has increased.
※All content is provided by the intelligent analysis assistant Xiao A. All content is for reference only and does not constitute any investment advice!
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