PEPOLE Morning [Price Trend Analysis] #pepole
1. K-line pattern:
- The recent price has fluctuated within the range of 0.12 to 0.14, with obvious shock consolidation.
- A Changyang line appeared on June 8, and fluctuated at high levels in the following days, showing that the bulls are strong, but the pressure from above is significant.
2. Technical indicators:
- MACD: DIF and DEA are close to the zero axis, and the MACD histogram alternates between red and green, indicating that the market is in a state of shock and there is no clear trend direction.
- RSI: The RSI value is hovering around 50 and has not entered the overbought or oversold area, indicating that the market is neutral and weak.
- EMA: The short-term EMA (7) is glued to the medium-term EMA (30), and the long-term EMA (120) is upward, indicating that there is no obvious trend in the short term and there is still upside potential in the medium and long term.
3. Trading volume:
- On June 10, the trading volume increased significantly, and the price fell back after rising, showing that the selling pressure from above was heavy.
- The overall recent trading volume has shown an enlarging trend, indicating that market activity has increased.
【Buy and sell point】
- Buying point one: 0.125 USDT (reason: close to the previous low and an integer support level)
- Buying point 2: 0.120 USDT (reason: further falling to a stronger support area, also near EMA (30))
- Long stop loss point: 0.118 USDT (reason: if it falls below this position, it indicates that the support has failed and the loss needs to be stopped in time)
- Selling point one: 0.135 USDT (reason: close to the previous high, there is a possibility of greater selling pressure)
- Selling point 2: 0.140 USDT (Reason: After breaking through the previous high, the pressure above decreases, but it is still at the upper edge of the shock range)
- Short selling stop loss point: 0.142 USDT (reason: if it breaks through this position, it indicates that the market has entered a new upward trend and needs to be stopped)
It should be noted that the 4-hour line range is sideways $PEOPLE
