In the analysis on October 13, 2024, Lao A made an in-depth and detailed interpretation of the 4-hour price trend of "
$PEOPLE ".
First of all, from the perspective of the K-line pattern, the recent price has shown small fluctuations and shocks in the range of 0.077 to 0.079. Especially from October 11 to 12, there was an obvious long-short battle in the market, leaving a long upper shadow and lower shadow, which reflects the market's activity and uncertainty.
In terms of technical indicators, the DIF and DEA of MACD tend to be close and the MACD histogram shows a slightly downward trend, which suggests that there may be adjustment pressure in the short term, but the overall trend is not obvious. The RSI value is stable in the neutral area of around 55, and there is no overbought or oversold signal, indicating that market sentiment is relatively stable. In addition, EMA7 (0.07804) is higher than EMA30 (0.07632) and EMA120 (0.07202), which indicates that the short-term trend is still biased towards bulls.
In terms of trading volume, the trading volume in recent days has decreased, especially on October 13, the trading volume was significantly lower than the previous few days, which reflects the decrease in market activity and the increase in investors' wait-and-see sentiment. Especially after the large-volume rise on October 12, the subsequent shrinking consolidation further implies market uncertainty and investors' cautious attitude towards future trends.
Regarding the 4-hour price trend of PEOPLE, the current market is in a sideways trend. For the buying and selling points, Lao A gave specific suggestions. Buy point 1 is set at 0.076 USDT, because the price is close to the previous low point and the integer support is strong; while buy point 2 is set at 0.075 USDT, because the price is closer to the EMA30 support and is a more obvious integer. The stop loss point for long positions is set at 0.0745 USDT to prevent a break below the important support area. As for the selling point, Lao A believes that the first selling point can be set at 0.080 USDT, because the price is close to the recent high and there is a possibility of selling pressure; the second selling point is set at 0.0815 USDT, because the integer pressure after breaking through the previous high is significant. The stop loss point for short selling is set at 0.0825 USDT to avoid losses caused by false breakthroughs.
In summary, Lao A's analysis report interprets the 4-hour price trend of PEOPLE in detail and comprehensively, providing valuable reference information for coin friends. The above is for reference only, and the operation still needs to be analyzed based on the real-time price
#peopledao