【ordi】Clinton Daily Analysis June 6

24-hour trend [up]

[Buy and sell points]

Buy point 1: 55 USDT (reason: near the low point of the previous band, and close to the EMA7 support level)

Buy point 2: 50 USDT (reason: integer level, and close to the EMA120 support level)

Long stop loss point: 48 USDT (reason: 2 integer points below buy point 2, to prevent false breakthroughs)

Sell point 1: 60 USDT (reason: integer level above the current price, which may form short-term pressure)

Sell point 2: 65 USDT (reason: integer level after further rise, there is a possibility of greater selling pressure)

Short stop loss point: 67 USDT (reason: 2 integer points above sell point 2, to prevent false breakthroughs)

[Price trend analysis]

K-line pattern:

In recent days, the K-line has shown a continuous rise, especially the long positive lines on June 4 and 5, showing strong buying power. From June 3 to June 6, a clear upward trend was formed, and the price rose from 47.857 to 58.593.

Technical indicators:

MACD: The MACD histogram continues to expand, the DIF line crosses the DEA line and both diverge upward, indicating that the current market is in a strong bull market. RSI: The RSI value is 71.590, entering the overbought range, but there is no sign of a pullback yet. It is necessary to pay attention to whether it will continue to run in the overbought range. EMA: The short-term EMA (7) is 52.497, the medium-term EMA (30) is 45.589, and the long-term EMA (120) is 50.012. The current price is much higher than all EMAs, showing a strong upward trend.

Volume:

The trading volume increased significantly on June 4 and 5, reaching 107232808 and 102480593 respectively, indicating that a large amount of funds entered the market to push prices up. The trading volume on June 6 decreased to 53650077, but it still remained at a high level, indicating that market sentiment is still positive.