#WLD突破100美金 $WLD 【Price trend analysis】
1. K-line pattern:
- The recent 4-hour K-line shows that the price fluctuates greatly, and some candlesticks with long upper and lower shadows appear, indicating that there is controversy in the market within this price range, and the power of buyers and sellers is balanced.
- From the daily line, there was a large decline from May 6 to 7, and the subsequent rebound was not enough to cover the decline of the previous day, forming a small "Yin Bao Yang" pattern, suggesting that there may be continued downward pressure in the short term.
2. Technical indicators:
- In the MACD indicator, the latest DIF value is lower than the DEA value, and the MACD histogram is negative, indicating that the market is in a downward trend in the short term. However, the length of the MACD histogram is reduced, which means that the downward momentum is weakening.
- The KDJ indicator shows that the J value (11.08) is much lower than the K value (36.72) and the D value (49.54), which is usually regarded as an oversold signal and may indicate that there is potential for price rebound in the future.
- In the EMA indicator, EMA7 (6.04) has crossed below EMA30 (5.63), which is a signal of a short-term decline. However, the gap between the two is not large, and further observation is needed to confirm whether the decline will continue.
3. Volume:
- In the 4-hour K-line data, we can see that the volume increases when the price falls, especially on the K-line at 20:00 on May 6, when the volume reached 9606470, which usually indicates that the downward trend is recognized by the market.
- At the daily level, the volume also increased significantly on May 6 when the price fell sharply. At the same time, although the price rebounded on May 7, the volume shrank, which may mean that the upward momentum is insufficient.
