NEIRO today’s market analysis:
1. K-line pattern:
- The price has fluctuated greatly recently, with multiple long upper and lower shadow lines appearing, indicating that there is a strong confrontation between buying and selling forces in the market.
- Several recent K lines have shown obvious signs of rebound, but the overall trend is still in a volatile range.
2. Technical indicators:
- MACD: DIF and DEA are close to the zero axis, and the MACD histogram hovers between positive and negative, indicating that the current trend is unclear and needs further confirmation.
- RSI: RSI14 is currently 58.81511, which is close to the overbought area but has not entered it. There may be callback pressure in the short term.
- EMA: EMA7 (0.00492) has crossed EMA30 (0.00389), but has not yet broken through EMA120 (0.00494), indicating a short-term upward trend, but the mid- to long-term trend still needs to be observed.
3. Trading volume:
- Trading volume increased significantly on September 6, reaching 3276259642, and then decreased, indicating that market sentiment gradually cooled down after the early surge.
- A large number of transactions also occurred on September 5, reaching 1754127031, accompanied by significant price fluctuations, indicating high market activity.
【Buy and sell point】
- Buying point one: 0.00450 USDT (close to the previous low, and EMA7 may form support near here)
- Buying point two: 0.00440 USDT (further close to the low of the previous band, with strong buying support)
- Long stop loss point: 0.00430 USDT (slightly lower than buying point two to prevent false breakthroughs)
- Selling point 1: 0.00500 USDT (close to the integer mark, and also near the recent high, there is selling pressure)
- Selling point two: 0.00510 USDT (a small upward space after breaking through the previous high, taking into account market inertia)
- Short selling stop loss point: 0.00520 USDT (slightly higher than the selling point two to prevent false breakthroughs)
