October 01 FTT price trend analysis
K-line pattern: The recent price rebounded from the low of 1.8056 (October 01 04:00), reaching a high of 2.19 (October 01 15:00), forming a clear upward trend. On the daily K-line, it has closed positive for three consecutive days since September 29, especially the big positive line on September 29, showing strong buying power.
Technical indicators:
MACD: The hourly MACD is golden cross above the 0 axis, and both DIF and DEA diverge upward, indicating that bulls are dominant in the short term. RSI: The current RSI is 60.889, close to the overbought area, but has not entered the extreme area, and there is still room for further increase. EMA: EMA7, EMA30, and EMA120 are in a bullish arrangement, and the price continues to run above EMA7, showing strong upward momentum.
Trading volume:
Hourly trading volume surged to 4572141 at 15:00 on October 1, then fell back, but remained at a high level overall, indicating a high level of market activity. Daily trading volume gradually decreased after reaching a peak of 71697316 on September 29, but still maintained a relatively high trading volume, supporting the price increase.
Follow Chuang Ge to make you both a winner and an expert in investment!
