【people】Clinton Daily Analysis June 3

24-hour trend [horizontal]

【Buy and sell points】

Buy point 1: 0.100 USDT (reason: close to the previous low support level, and the integer level has strong support)

Buy point 2: 0.095 USDT (reason: further correction to near EMA7, it is expected to obtain technical support)

Long stop loss point: 0.090 USDT (reason: if it falls below this position, it indicates that the short-term trend may weaken)

Sell point 1: 0.115 USDT (reason: recent high pressure level, there is a risk of selling pressure)

Sell point 2: 0.120 USDT (reason: after breaking through the previous high, the next integer level forms a new pressure level)

Short stop loss point: 0.125 USDT (reason: if it breaks through this position, it indicates that the upward trend continues)

【Price trend analysis】

K-line pattern:

The recent K-line shows a clear upward trend, especially from May 22 to June 2, when long positive lines appeared many times. On June 2 and June 3, negative lines of high-level correction were formed, indicating that there is strong pressure near 0.11538.

Technical indicators:

MACD: Both DIF and DEA are positive and continue to rise, but the MACD histogram begins to shorten, indicating that the bullish momentum is weakening and it is possible to enter a period of adjustment.

RSI: The RSI14 value fluctuates between 74 and 86, and is currently in the overbought range, indicating a risk of correction. However, if it continues to maintain a high level, the strong market may continue.

EMA: The price is currently running above EMA7 (0.09728) and away from EMA30 (0.06689) and EMA120 (0.04268), indicating that it will remain strong in the short term. It is necessary to pay attention to whether it will step back on the EMA7 support.

Volume:

From May 22 to date, the volume has increased significantly, especially on May 23, May 25 and June 1, indicating that the market activity has increased.

The trading volume has decreased in the past two days. Combined with the K-line pattern, it may indicate that there will be a shock consolidation or a small correction in the short term.