CKB today’s market analysis:
1. K-line pattern:
On the 1-hour chart, the price of CKB (Nervos Network) has recently been trading around 0.0167 USDT, experiencing significant gains. The price of CKB has increased by approximately 19.7% in the past 24 hours and has climbed over 111% in the past week.
Currently, CKB price has formed a strong upward trend after breaking through multiple resistance levels, showing an upward trend in the short term.
2. Technical indicators:
MACD: The MACD indicator shows an obvious bullish signal. The DIF line crosses the DEA line and runs above the 0 axis, indicating that the market has strong buyer power and sufficient upward momentum.
RSI: The RSI value is near 70, close to the overbought area, indicating that the CKB price may face some correction pressure in the short term, and we need to pay attention to the signal of price adjustment.
EMA: The short-term EMA (7) and the medium-term EMA (30) show a continuous upward trend, indicating that the market's upward momentum is still strong. EMA120 is located at the upper resistance level, which may exert some pressure on the price.
3. Trading volume:
During price increases, trading volume also increased significantly, indicating increased market activity and strong buying power. However, we need to pay attention to whether the increase in trading volume is accompanied by a shrinkage, which may indicate a price correction.
【Trading Strategy】
Buying point one: 0.0160 USDT (when the short-term pullback reaches the EMA30 support level, low-level intervention can be considered).
Buying point 2: 0.0155 USDT (close to the previous swing low, with strong support).
Long stop loss point: 0.0150 USDT (to prevent a sharp market correction and stop loss in time).
Selling point one: 0.0175 USDT (near the upper resistance level, it is recommended to make profits gradually).
Selling point two: 0.0180 USDT (integer mark, may face new selling pressure).
Short stop loss: 0.0182 USDT (to prevent the price from continuing to rise after breaking through resistance).
The above suggestions are for reference only and do not serve as investment advice.
For more real-time strategy analysis, follow the homepage.
