How will the market trend in the evening? Xiao A explains it for you!
Welcome to the group chat to ask Xiao A for more analysis: jv.mp/JaQ0CE
REEF
REEF's 1-hour price trend: Down.
This is a 1-hour Binance REEF/USDT candlestick chart. The latest price is: 0.002249 USDT, including EMA, MACD, KDJ and volume indicators.
【Buy and sell points】
Buy point 1: 0.002300 USDT (considering that the current price is close to the lowest price and the KDJ indicator shows that there may be oversold conditions, a small amount of tentative buying can be made at this level)
Buy point 2: 0.002100 USDT (If the market continues to fall, this price will be closer to the previous low, providing a further safety margin for the more extreme oversold area)
Long stop loss point: 0.001950 USDT (set below the second buy point, leaving enough space to avoid triggering the stop loss due to small fluctuations, and also near the psychological support level)
Selling point 1: 0.002500 USDT (If the market rebounds, this price is a recent small resistance level, suitable for initial reduction of positions or short-term profit-taking)
Sell point 2: 0.002800 USDT (higher resistance level, if the market can recover to this level, it means a possible trend reversal, which can be regarded as a long-term target or a profit-taking point for most positions)
Short stop loss point: 0.002900 USDT (set above the second selling point to ensure that there is enough room for short selling, and it is also a psychological key resistance level)
【Price trend analysis】
K-line pattern:
The recent K-line shows that the price has experienced a significant decline, especially during the time period from 06:00 on October 15 to 17:00 on October 16, from the highest price of 0.010492 to the latest price of 0.002249. This sharp decline may be accompanied by panic selling.
The K-line from 07:00 on October 15 to 17:00 on October 16 showed long upper and/or lower shadows several times, indicating that there was uncertainty in the market, and both buyers and sellers were trying to control the market but there was no clear winner.
Technical indicators:
The MACD indicator shows that DIF and DEA continue to be in the negative area, and the MACD histogram also shows negative values, indicating that the current trend is a strong downward trend.
In the KDJ indicator, both the K value and the D value are low and close to below 20, and the J value fluctuates greatly, reflecting the oversold situation that may be caused by excessive selling in the market. There may be rebound opportunities in the future.
The EMA indicator shows that the short-term EMA (7) has penetrated the long-term EMA (30), further confirming the downtrend.
Volume:
During the period of sharp price decline, trading volume increased, especially when the price hit the bottom (such as 14:00 on October 16), the trading volume reached a peak, which may indicate that a temporary extreme panic point has been reached.
Subsequently, trading volume began to decrease, indicating that market activity has declined and investors may be watching further developments in the market.
trees
1-hour price trend of bome: Up.
This is a 1-hour K-line chart of HTX bome/USDT. The latest price is: 0.008982 USDT, including EMA, MACD, KDJ and volume indicators.
【Buy and sell points】
Buy point 1: 0.009000 USDT (EMA(7) and EMA(30) are about to form a golden cross. If the price falls back to this point, it may be a good opportunity to go long.)
Buying point 2: 0.008700 USDT (near the recent low point, if the price drops further to this level, it may attract buying intervention)
Long stop loss: 0.008500 USDT (gives enough room to avoid small fluctuations triggering the stop loss, considering that the price is lower than the lows of the recent cycles)
Selling point 1: 0.009200 USDT (above the current price, if it rebounds to this point in the short term, you can consider taking profits on some positions)
Selling point 2: 0.009400 USDT (close to the high point at 20:00 on October 15, as a higher target selling point)
Short stop loss point: 0.009600 USDT (exceeding the recent high, if the price breaks through, it may rise further, suitable for setting a short stop loss)
【Price trend analysis】
K-line pattern:
The recent K-line shows that price fluctuations have intensified, especially from 09:00 on October 15 to 11:00 on October 15, when there was a large price amplitude, indicating that there is uncertainty in the market.
Judging from the recent hours, the K-line body has gradually shortened and is accompanied by upper and lower shadows, which may indicate that the power of buyers and sellers is relatively balanced within the current price range.
Technical indicators:
In the MACD indicator, the negative difference between the DIF and DEA moving average lines narrowed, and the MACD histogram turned from negative to positive, suggesting that the potential upward momentum is increasing.
In the KDJ indicator, the J value is 29.59, while the K value and D value are 26.68 and 25.22 respectively. The KDJ three lines are close and at a low level, which may indicate an imminent rebound.
In the EMA indicator, EMA(7) is lower than EMA(30), but the gap is narrowing. If EMA(7) crosses EMA(30) upward, the upward trend may be confirmed.
Volume:
After reaching its peak at 19:00 on October 15, the trading volume began to gradually decrease, which is somewhat different from the price trend. We need to be alert to the risk of price correction caused by shrinking trading volume.
The trading volume in the latest cycle has increased compared to the previous cycle. If the volume continues to increase, it may support further price increases.
WLD
WLD's 1-hour price trend: Down.
This is a 1-hour Binance WLD/USDT candlestick chart. The latest price is: 2.311 USDT. It includes EMA, MACD, KDJ and volume indicators.
【Buy and sell points】
Buy point 1: 2.330 USDT (this price is near the low point of multiple hourly lines from 08:00 to 12:00 on October 16, which may form short-term support)
Buy point 2: 2.251 USDT (this is the lowest price in the recent cycle. If the price tests this level again and does not fall below it, it can be regarded as a strong support level)
Long stop loss point: 2.230 USDT (slightly lower than the second buy point, providing enough space to avoid small fluctuations triggering the stop loss)
Selling point 1: 2.376 USDT (recent rebound high point, if the price rises to this point, it may encounter selling pressure)
Sell point 2: 2.400 USDT (the top of the trading range between 23:00 on October 15 and 00:00 on October 16. A breakout of this point could mean further upside)
Short stop loss point: 2.422 USDT (exceeding the selling point 2, and taking into account the possible false breakthrough space)
【Price trend analysis】
K-line pattern:
The recent K-line shows that the price fluctuates greatly. A long real body Yang line appeared from 00:00 to 16:00 on October 15, indicating that buyers control the market. In the following hours, the price fell back, forming a short real body Yin line with a long upper shadow, suggesting that selling pressure has increased.
From 06:00 to 12:00 on October 16, several consecutive small real bodies with lower shadows may indicate that support has been found, but an effective reversal has not been achieved.
Technical indicators:
MACD indicator: The latest MACD value is negative and DIF is below DEA, showing a dead cross state, indicating that the current trend is bearish.
KDJ indicator: The J value gradually decreases from the high point, the K and D lines are intertwined, and there is no obvious golden cross or dead cross signal, indicating that the market has no clear direction.
EMA indicator: EMA(7) is lower than EMA(30) and both are trending down, which is generally considered as a bearish market trend in the short term.
Volume:
In terms of trading volume, the trading volume reached its peak between 22:00 and 23:00 on October 15, when the price also reached a recent high. After that, the trading volume began to gradually decrease, falling along with the price.
The trading volume has been relatively stable in recent hours, with no obvious increase in volume, and there is a lack of sufficient momentum to push prices to break through or fall.
※All content is provided by the intelligent analysis assistant Xiao A. All content is for reference only and does not constitute any investment advice!
Xiao A Smart Analysis is AICoin's industry-first smart analysis tool, which can easily help you interpret currency trends, analyze indicator signals, and identify entry and exit points, etc. You can experience it by going to the APP or PC.
PC & APP download: https://www.aicoin.com/download
