How will the market trend in the evening? Xiao A explains it for you!
Welcome to the group chat to ask Xiao A for more analysis: jv.mp/JaQ0CE
APE
APE's 1-hour price trend: down.
This is a 1-hour Binance APE/USDT candlestick chart. The latest price is: 1.4592 USDT. It includes EMA, MACD, KDJ and volume indicators.
【Buy and sell points】
Buy point 1: 1.4600 USDT (considering that the current price has fallen below EMA (7) and EMA (30), there may be a technical rebound. This price is close to the latest closing price and slightly below the 5-period MA)
Buy point 2: 1.4400 USDT (a more conservative buy point, close to the low point at 17:00 on October 22. If the price continues to fall, this position may provide strong support)
Long stop loss point: 1.4200 USDT (enough space to avoid small fluctuations triggering stop loss, and it is also a relatively stable support area in the near future)
Selling point 1: 1.5000 USDT (as a psychological barrier and a resistance level that has not been broken through in recent tests, it is suitable as an initial profit-taking point)
Selling point 2: 1.5400 USDT (During the market from October 21 to 22, this price had been a turning point many times and can be regarded as a strong resistance level)
Short stop loss point: 1.5600 USDT (above the selling point 2 and above the peak at 09:00 on October 22. If the price rises to this point, it indicates that the market trend may have changed)
【Price trend analysis】
K-line pattern:
The recent K-line shows large price fluctuations. A long positive line appeared from 20:00 to 21:00 on October 20, and then fell back in the following hours, indicating that the market encountered selling pressure after a sharp rise.
Judging from the latest few K-lines, the price is in a downward trend, especially the long black line from 17:00 to 18:00, suggesting that sellers are in control of the market.
Technical indicators:
In the MACD indicator, both DIF and DEA are in the positive area but DIF is lower than DEA, and the MACD histogram is negative, which may indicate that the current trend is biased towards the bearish side.
The J value in the KDJ indicator has fallen from a high level, and the K and D lines have crossed and moved downward, indicating that there may be a risk of further decline in the short term.
The EMA indicator shows that the 7-period EMA (1.4993) has fallen below the 30-period EMA (1.5028), further confirming the downward trend in the short term.
Volume:
When prices fluctuate sharply, trading volume increases. For example, at 20:00 on the 20th, the trading volume surged, accompanied by a rapid rise in prices.
Volume has been relatively stable in recent hours without significant expansion or contraction, meaning the market may be looking for a new direction.
DYDX
1-hour price trend of DYDX: sideways.
This is a 1-hour Binance DYDX/USDT candlestick chart. The latest price is: 1.167 USDT. It includes EMA, MACD, KDJ and volume indicators.
【Buy and sell points】
Buy point 1: 1.210 USDT (recent support level, near EMA(7) and EMA(30), the price has the potential to rebound)
Buy point 2: 1.190 USDT (near the low point at 20:00 on October 21, if it falls below, it can be considered as a deeper buying opportunity)
Long stop loss point: 1.180 USDT (give enough room to avoid small fluctuations triggering the stop loss, below the second buying point)
Selling point 1: 1.250 USDT (a resistance level that has been tested many times recently but failed to break through, suitable for initial profit taking)
Selling point 2: 1.275 USDT (near the high point at 22:00 on October 21, a relatively large resistance level, suitable for further profit taking)
Short stop loss point: 1.285 USDT (higher than the second selling point, leaving some room for increase to avoid accidental triggering)
【Price trend analysis】
K-line pattern:
The recent K-line shows that price fluctuations have intensified, especially between 21:00 on October 20 and 08:00 on October 21, when there was a correction after a sharp rise. The highest point reached 1.348, and then fell.
Starting from 22:00 on October 21, the price gradually stabilized and showed a state of shrinking volume. The short entity and long shadow indicated that there was controversy in the market in this area.
Technical indicators:
In the MACD indicator, the DIF and DEA moving average lines are close and the MACD histogram is close to the zero axis, indicating that the current market momentum has weakened and the trend is not obvious.
The J value of the KDJ indicator appears overbought or oversold in multiple time periods, but the latest data shows that the K and D lines are at low levels, which may indicate that the market has the potential to rebound in the future.
The EMA indicator 7-period EMA is running above the 30-period EMA, but the gap is narrowing, which suggests that the upward momentum is weakening in the short term.
Volume:
When prices fluctuate sharply, trading volume increases. For example, the big positive line at 21:00 on October 20 was accompanied by extremely large trading volume, indicating that buyers are actively entering the market.
Subsequently, trading volume gradually decreased, indicating that market participation decreased and the market may enter a period of volatility or consolidation.
CAT
CAT's 1-hour price trend: sideways.
This is a 1-hour K-line chart of Gate CAT/USDT. The latest price is: 0.000037174 USDT, including EMA, MACD, KDJ and volume indicators.
【Buy and sell points】
Buy point 1: 0.000036500 USDT (EMA(7) and EMA(30) are both above this price, and the price has shown support at this level recently)
Buying point 2: 0.000035000 USDT (near the low point on October 21, if the price falls back to this point, there may be buying intervention)
Long stop loss: 0.000034000 USDT (leave enough room to absorb potential volatility, below the second entry point and consider the support level after the V-shaped reversal)
Selling point 1: 0.000038000 USDT (this resistance area has been tested many times recently but failed to break through, so it is suitable as an initial profit-taking point)
Selling point 2: 0.000039500 USDT (close to the highest price in the recent cycle. If there is further upward momentum, it is expected to reach this price to achieve greater returns)
Short stop loss point: 0.000040000 USDT (exceeding the highest price in the recent period, if the price continues to rise, it may mean a trend change)
【Price trend analysis】
K-line pattern:
The recent K-line shows that price fluctuations have intensified, and there was a significant price jump from 18:00 on October 21 to 17:00 on October 22, indicating strong buyer power.
Between 19:00 on October 20 and 06:00 on October 21, prices rebounded after a rapid decline, forming signs of a V-shaped reversal.
Technical indicators:
MACD indicator: The latest MACD histogram is negative, but the amplitude is reduced. DIF and DEA are both near the 0 axis, suggesting that the momentum is weakening and the market may be in a turning point.
KDJ indicator: The J value fell from a high level, the K and D lines intertwined, and no clear golden cross or dead cross was formed, and the indicator was unclear.
EMA indicator: EMA (7) is always above EMA (30). The short-term trend is still bullish, but the gap between the two is narrowing. We need to be alert to potential trend changes.
Volume:
Volume is amplified during large price moves, especially when prices gap up and are accompanied by higher volume, which adds credibility to the upward trend.
Volume has decreased in recent hours, which may mean that there is a certain balance between buyers and sellers within the current price range.
※All content is provided by the intelligent analysis assistant Xiao A. All content is for reference only and does not constitute any investment advice!
Xiao A Smart Analysis is AICoin's industry-first smart analysis tool, which can easily help you interpret currency trends, analyze indicator signals, and identify entry and exit points, etc. You can experience it by going to the APP or PC.
PC & APP download: https://www.aicoin.com/download
