12.6 THE market turbulence warning! Technical analysis reveals the wealth code!
Yesterday's market review
Trend characteristics: From the chart, it can be seen that the price quickly rebounded after hitting a low near 2.18 yesterday, reaching a high of 2.60 before facing pressure and falling back, forming a wide range of oscillation pattern.
Key signals:
The intraday lowest point of 2.18 formed a short-term support level.
The short-term moving averages MA7 and MA30 have formed a bullish arrangement on the hourly chart, indicating strong rebound strength.
However, on the 4-hour chart, MA30 (near 2.62) still exerts pressure on the price, making it difficult to break through in the short term.
Today's market forecast
1. Support and resistance analysis
Lower support levels:
First support level: 2.48 (support from MA7).