Morning Analysis by Xiao A: BTC, ETH, DOGE Market Analysis Incoming

CN
1 year ago

Morning market trends may go how? Little A explains for you!

Welcome to ask Little A in the group chat for more analysis: https://jv.mp/JaQ0CE

BTC

BTC's 1-hour price trend: Sideways.

Little A Morning Analysis: BTC, ETH, DOGE Market Analysis Strikes_aicoin_Figure 1

This is a 1-hour Binance BTC/USDT K-line chart, with the latest price at: 36571.7 USDT, including EMA, MACD, KDJ, and volume indicators.

【Buy/Sell Points】

  • Buy point one: 36500 USDT (near recent support level, potential good entry point if price retraces to this area)
  • Buy point two: 36350 USDT (closer to the low point on November 18, a deeper retracement buy point)
  • Sell point one: 36700 USDT (near recent minor resistance level, consider partial reduction after breakthrough)
  • Sell point two: 37000 USDT (near the high point on November 18, a higher target sell point)

【Price Trend Analysis】

  1. K-line pattern:
  • Recent K-line shows significant price fluctuations, with a long upper shadow on November 18 at 00:00, indicating heavy selling pressure at the high.
  • Between 01:00 on November 17 and 01:00 on November 18, the price experienced a significant rise followed by a fall, forming a pattern similar to a shooting star, which may signal a short-term top.
  1. Technical indicators:
  • MACD indicator: The latest MACD value is 0.3, close to the zero axis, with no clear buy/sell signals as DIF and DEA intersect insignificantly.
  • KDJ indicator: The J value (12.63) is much lower than K (35.47) and D (46.90), possibly indicating a potential rebound opportunity, but further confirmation is needed.
  • EMA indicator: The closing price is slightly higher than the 7-period EMA (36571.7 vs 36579.9), and lower than the 30-period EMA (36515.3), showing a neutral bullish bias.
  1. Volume:
  • Volume peaked at 00:00 on November 18, then gradually decreased, consistent with the price rise followed by a retracement.
  • Volume has been stable in the recent hours, with no abnormal surges, indicating stable market participation.

ETH

ETH's 1-hour price trend: Sideways.

Little A Morning Analysis: BTC, ETH, DOGE Market Analysis Strikes_aicoin_Figure 2

This is a 1-hour Binance ETH/USDT K-line chart, with the latest price at: 1962.61 USDT, including EMA, MACD, KDJ, and volume indicators.

【Buy/Sell Points】

  • Buy point one: 1950 USDT (repeatedly touched in the near term, potential support level)
  • Buy point two: 1935 USDT (if price falls below 1950 USDT support, the next potential strong support level)
  • Sell point one: 1980 USDT (recent local high, initial resistance level)
  • Sell point two: 1992 USDT (recent high within the period, stronger resistance level)

【Price Trend Analysis】

  1. K-line pattern:
  • Recent K-line shows significant price fluctuations, with multiple long lower shadows, such as the K-lines at 07:00 on November 17 and 00:00 on November 18, indicating buying interest at the low.
  • From 01:00 on November 19 to the latest price, the K-line body gradually shrinks, with short upper and lower shadows, indicating a balanced market, but no clear reversal signal.
  1. Technical indicators:
  • MACD indicator: The DIF remains above the DEA, and the MACD histogram shows signs of narrowing, suggesting weakening momentum, possibly indicating a trend change or consolidation phase.
  • KDJ indicator: The J value at 63.29 is within the normal range compared to K at 72.03 and D at 76.39, with no extreme buy/sell signals.
  • EMA indicator: The 7-period EMA (1960.29) is slightly higher than the 30-period EMA (1955.47), with the short-term average still above the long-term average, indicating a relatively healthy short-term trend.
  1. Volume:
  • Volume peaked at 01:00 on November 18 and then gradually decreased, indicating reduced market activity and increased participant caution.
  • Volume has been stable in the recent hours, with no abnormal surges, consistent with the current price range oscillation pattern.

DOGE

DOGE's 1-hour price trend: Downward.

Little A Morning Analysis: BTC, ETH, DOGE Market Analysis Strikes_aicoin_Figure 3

This is a 1-hour Binance DOGE/USDT K-line chart, with the latest price at: 0.08021 USDT, including EMA, MACD, KDJ, and volume indicators.

【Buy/Sell Points】

  • Buy point one: 0.07950 USDT (near recent low, potential support level)
  • Buy point two: 0.07700 USDT (consider deeper retracement buy if price falls below previous low)
  • Sell point one: 0.08200 USDT (area where EMA(7) and some hourly closing prices are located, initial resistance level)
  • Sell point two: 0.08350 USDT (near the high point after 20:00 on November 18, stronger resistance level)

【Price Trend Analysis】

  1. K-line pattern:
  • Recent K-line shows significant price fluctuations, with an upward trend from 06:00 on November 17 to 07:00 on November 18, followed by a price decline. The latest few hourly K-line bodies are short, indicating weak market decisiveness.
  • After the long bullish candle at 17:00 on November 17, the price failed to sustain the upward movement and instead showed a long upper shadow at 21:00 on November 18, suggesting increased selling pressure at the high.
  1. Technical indicators:
  • MACD indicator shows both DIF and DEA in negative territory, and the MACD histogram shows signs of contraction, indicating a balance between long and short forces, but still leaning towards a bearish market overall.
  • KDJ indicator shows the J value falling from overbought territory in the recent periods, with frequent crossovers between K and D lines, and currently the K value is lower than the D value, possibly indicating short-term downside risk.
  1. EMA indicator:
  • The short-term EMA(7) has crossed below the long-term EMA(30), and the gap between them is gradually narrowing, which is typically seen as a potential bearish signal.
  • The latest price of 0.08021 is below both the EMA(7) and EMA(30), further confirming the short-term downward trend.
  1. Volume:
  • During the price rise phase (such as from 15:00 on November 17 to 07:00 on November 18), the volume was relatively high, indicating some support for the rise.
  • Subsequently, as the price retraced, the volume decreased, indicating weakened upward momentum and reduced market participation.

※All content is provided by the intelligent analysis assistant Little A, and is for reference only, not constituting any investment advice!

Little A Intelligent Analysis is the industry's first intelligent analysis tool recommended by AICoin, making it easy for you to interpret currency trends, analyze indicator signals, and identify entry and exit points. Experience it on the APP or PC.

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