How will the market trend in the evening? Xiao A explains it for you!
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SUI's 1-hour price trend: Down.
This is a 1-hour OKX SUI/USDT candlestick chart. The latest price is: 1.7281 USDT. It includes EMA, MACD, KDJ and volume indicators.
【Buy and sell points】
Buy point 1: 1.7200 USDT (The price has recent support at this level, and EMA(7) is slightly above this price, which can be regarded as a potential buy point for a short-term rebound)
Buying point 2: 1.6900 USDT (the price significantly pulled back to this area after 09:00 on October 4th, and formed a short-term stability, which can be used as a more conservative buying point)
Long stop loss point: 1.6800 USDT (below the second buying point and considering the possible volatility, set below the obvious psychological level and the previous low)
Selling point 1: 1.7500 USDT (above the current price and close to the 30-period EMA, can be used as an initial lightening or short-term selling point)
Selling point 2: 1.7700 USDT (prices have recently encountered resistance at this position. If it can break through, it may further test higher levels, but we should also be cautious about possible declines)
Short stop loss point: 1.7800 USDT (higher than the second selling point, providing enough space to avoid small fluctuations triggering the stop loss, and is also an important resistance level for recent prices)
【Price trend analysis】
K-line pattern:
The recent K-line shows that the price fluctuates greatly. A hammer pattern with a long lower shadow appeared from 23:00 on October 3 to 00:00 on October 4, and then the price rebounded.
Between 16:00 and 17:00 on October 4 and 06:00 and 07:00 on October 5, the price experienced a pullback after a rapid rise, forming a pattern similar to the high shooting star line, suggesting a possible top signal.
Technical indicators:
In the latest data, the DIF of the MACD indicator is lower than the DEA, and the MACD value is negative, indicating that there may be a bearish trend in the market in the short term.
The J value in the KDJ indicator deviates greatly from the K and D values, indicating that the market may be over-bought or over-sold. In recent cycles, the three lines of KDJ have begun to converge, which may indicate that the market will enter a state of shock consolidation in the future.
The EMA indicator shows that the 7-period EMA (1.7263) has fallen below the 30-period EMA (1.7403), which is usually seen as a signal of a weakening short-term trend.
Volume:
When prices fluctuate significantly, such as from 23:00 on October 3 to 00:00 on October 4, the trading volume is significantly enlarged, which may mean that there is substantial support behind the price changes.
The trading volume has been relatively stable in recent hours, with no abnormal increase, indicating that the activity level of current market participants has not changed drastically.
REEF
REEF's 1-hour price trend: Down.
This is a 1-hour Binance REEF/USDT candlestick chart. The latest price is: 0.006594 USDT, including EMA, MACD, KDJ and volume indicators.
【Buy and sell points】
Buy point 1: 0.006500 USDT (EMA(7) and EMA(30) still maintain an upward trend, and the price has support at this level)
Buy point 2: 0.006200 USDT (near the recent low point, if the price falls here, there may be strong support)
Long stop loss point: 0.006100 USDT (leave enough space to avoid small fluctuations triggering the stop loss, and below the second buying point)
Selling point 1: 0.006700 USDT (recent rebound high point, can be used as initial profit area)
Selling point 2: 0.007000 USDT (psychological barrier and close to the previous high, suitable as a further profit target)
Short stop loss point: 0.007100 USDT (exceeding the selling point 2, providing a safety cushion for short selling operations)
【Price trend analysis】
K-line pattern:
The recent K-line shows that price fluctuations have intensified, especially the long upper shadow line that appeared between 20:00 and 21:00 on October 4, indicating that there is selling pressure in the market.
There was an overall downward trend from 17:00 on October 3 to 17:00 on October 5, but there was a significant rebound from 19:00 to 20:00 on October 4.
Technical indicators:
In the MACD indicator, both DIF and DEA are in the positive area, but the MACD histogram has turned from positive to negative, suggesting a possible downward trend.
The J value of the KDJ indicator exceeded 80 at multiple time points, indicating an overbought situation. Subsequently, the K and D lines crossed downward, supporting a pullback signal.
EMA (7) remains above EMA (30), although the gap is narrowing, which generally means that the upside momentum remains in the short term, but be wary of a potential trend reversal.
Volume:
When prices fluctuate sharply, trading volume increases. For example, the trading volume at 20:00 on October 4 was much higher than that of the previous hour, and the price rose, indicating strong buying power.
Subsequently, trading volume began to decrease and prices also retreated, indicating that the upward momentum weakened.
APT
APT’s 1-hour price trend: sideways.
This is a 1-hour Binance APT/USDT candlestick chart. The latest price is: 9.0536 USDT. It includes EMA, MACD, KDJ and volume indicators.
【Buy and sell points】
Buy point 1: 8.90 USDT (considering the narrowing gap between EMA(7) and EMA(30), the price may test the recent support level)
Buy point 2: 8.80 USDT (If the price drops further, it will be close to the low point at 17:00 on October 3, which can be regarded as a strong support area)
Long stop loss point: 8.75 USDT (enough space to avoid triggering stop loss due to small fluctuations, and below the second buy point to protect capital)
Selling point 1: 9.20 USDT (the current price is close to the highest price and can be used as a preliminary profit target)
Selling point 2: 9.30 USDT (exceeding the highest price in the recent period, seller pressure is expected to increase, suitable as a target for higher returns)
Short stop loss point: 9.35 USDT (higher than the second selling point, giving the market enough room for fluctuations to prevent false breakthroughs)
【Price trend analysis】
K-line pattern:
The recent K-line shows that price volatility has intensified. A long upper shadow line and entity appeared at 23:00 on October 4, indicating that buyers tried to push up prices but failed to maintain them, and prices subsequently fell back.
From 17:00 on October 3 to the latest data point, there is no obvious continuous specific K-line combination such as doji, hammer or shooting star line, but the overall trend shows a volatile downward trend.
Technical indicators:
MACD indicator: DIF and DEA have been above the zero axis in recent cycles, but the MACD value is negative and gradually approaches zero, suggesting that the long and short forces are beginning to balance, which may indicate a trend change.
KDJ indicator: The J value fluctuates greatly in different time periods, but generally tends to be near the midline 50, indicating that the market has no strong trend. The current K value is lower than the D value, and the market may be under certain pressure.
EMA indicator: EMA (7) is always above EMA (30), indicating that the upward trend is still maintained in the short term, but the gap between the two is narrowing, reflecting the weakening of the upward momentum.
Volume:
The trading volume reached a peak at 15:00 on October 4 and then gradually decreased, which usually means that the upward momentum is weakening and we need to be alert to the potential risk of price correction.
Trading volume has been relatively stable in recent hours, with no obvious increase or decrease in volume. Market participation remains consistent and prices may continue to fluctuate around the current level 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!
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