Xiao A's evening analysis: GALA, WLD, LTC market analysis is coming.

CN
1 year ago

Evening market trends may go how? Little A analyzes for you!

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GALA

1-hour price trend of GALA: Down.

Little A Evening Analysis: GALA, WLD, LTC Market Analysis Strikes_aicoin_Figure 1

This is a 1-hour Binance GALA/USDT K-line chart, with the latest price at: 0.07031 USDT, including EMA, MACD, KDJ, and volume indicators.

【Buy/Sell Points】

  • Buy Point 1: 0.07200 USDT (Considering the death cross of EMA(7) and EMA(30), the price may continue to decline. If the price can stabilize above this level, it can be considered as a short-term support level)
  • Buy Point 2: 0.07000 USDT (Near the recent low price, if the price further retraces to this area, there may be buying interest forming support)
  • Long Position Stop Loss Point: 0.06850 USDT (Leave enough space to avoid triggering stop loss due to small fluctuations, and it is also a relatively strong psychological and technical support level in the near term)
  • Sell Point 1: 0.07500 USDT (Above the current price, and close to some highs in the latter half of March 11, can be used as an initial resistance level for profit-taking)
  • Sell Point 2: 0.07700 USDT (More conservative target, close to the highs around 16:00 on March 11, if the market reverses upwards, this may be a new resistance level)
  • Short Position Stop Loss Point: 0.07800 USDT (Exceeding Sell Point 2, and leaving a certain space to reduce stop loss caused by breakthrough market trends)

【Price Trend Analysis】

  1. K-line Form:
  • Recent K-line shows significant price fluctuations. From 00:00 on March 11 to 08:00, there was a clear upward trend, with the long bullish candlestick at 00:00 on March 11 breaking the previous high, accompanied by increased trading volume, indicating strong buying pressure. However, the price encountered a retracement, and from 16:00 on March 11 to 17:00 on March 12, the K-line mostly consists of small real bodies or K-line with long lower shadows, indicating increasing selling pressure and uncertainty.
  • From 07:00 to 09:00 on March 11, three consecutive long bullish candlesticks, followed by a bearish candlestick with a long upper shadow at 10:00 on March 11, which may indicate selling pressure after a rapid rise in the market.
  1. Technical Indicators:
  • MACD Indicator: Both DIF and DEA of the MACD indicator are in the negative zone, and the MACD histogram shows an expansion of negative value, indicating strengthening bearish momentum in the short term.
  • KDJ Indicator: The J value is lower than the K value and D value in the latest data, and both K and D lines are trending downwards, indicating that the current market may enter an oversold state, but potential downside risks still need to be guarded against.
  • EMA Indicator shows that the 7-period EMA continues to decline and has crossed the 30-period EMA, forming a death cross, indicating a bearish trend in the short term.
  1. Volume:
  • During the price increase period (from 00:00 to 08:00 on March 11), the trading volume significantly increased, consistent with the price increase, indicating that the upward trend was supported by trading volume.
  • Subsequently, during the price retracement, the trading volume decreased, especially from 22:00 on March 11 to 17:00 on March 12, the trading volume was relatively stable, without significant fluctuations, reflecting the wait-and-see sentiment of market participants.

WLD

1-hour price trend of WLD: Down.

Little A Evening Analysis: GALA, WLD, LTC Market Analysis Strikes_aicoin_Figure 2

This is a 1-hour Binance WLD/USDT K-line chart, with the latest price at: 9.782 USDT, including EMA, MACD, KDJ, and volume indicators.

【Buy/Sell Points】

  • Buy Point 1: 9.8 USDT (Considering the proximity of EMA(7) and EMA(30), the price may find support around this level)
  • Buy Point 2: 9.6 USDT (Long lower shadows indicate strong buying support at this price level, can be a more conservative buying point)
  • Long Position Stop Loss Point: 9.5 USDT (Below Buy Point 2, and is a recent low point, providing enough space to avoid triggering stop loss due to small fluctuations)
  • Sell Point 1: 10.0 USDT (Tested multiple times recently without breaking through, can be considered as an initial resistance level)
  • Sell Point 2: 10.3 USDT (Reached a high point at 09:00 on March 12, if the price retests this level, it may encounter selling pressure)
  • Short Position Stop Loss Point: 10.6 USDT (Above Sell Point 2, and is the highest point in the recent period, leaving enough space to prevent triggering stop loss due to unexpected price increase)

【Price Trend Analysis】

  1. K-line Form:
  • Recent K-line shows significant price fluctuations, with several long lower shadow candlesticks (such as 08:00 on March 11 and 17:00 on March 10), indicating buying interest at the low level to support the price.
  • There was an upward trend between 09:00 and 10:00 on March 12, accompanied by high trading volume, but the price subsequently fell, forming a signal similar to a top reversal.
  1. Technical Indicators:
  • MACD Indicator: The latest MACD histogram is in negative value and DIF is lower than DEA, indicating that the current market is in a bear market. However, the length of the MACD histogram is shrinking, suggesting a weakening of selling pressure.
  • KDJ Indicator: K value 30.25, D value 43.07, J value 4.61, with J value deviating significantly from K and D values, possibly indicating future price instability or potential reversal.
  • EMA Indicator: EMA(7) is less than EMA(30), indicating relatively weak price trend in the short term, but the difference between the two is not significant, further observation is needed to confirm the trend.
  1. Volume:
  • The trading volume increased significantly during the large price fluctuations, such as the large bullish candlestick with high trading volume at 15:00 on March 11, indicating strong buying participation at that time.
  • The trading volume gradually decreased in the recent periods, indicating a decrease in market activity, possibly due to investors adopting a wait-and-see attitude, waiting for clearer market direction signals.

LTC

1-hour price trend of LTC: Down.

Little A Evening Analysis: GALA, WLD, LTC Market Analysis Strikes_aicoin_Figure 3

This is a 1-hour Binance LTC/USDT K-line chart, with the latest price at: 97.98 USDT, including EMA, MACD, KDJ, and volume indicators.

Buy/Sell Points

  • Buy Point 1: 95.00 USDT (This price is close to the low point at 21:00 on March 11. If the price retraces to this level, there may be support)
  • Buy Point 2: 90.00 USDT (This is a more conservative buying point, near the bottom of the long lower shadow at 08:00 on March 11. If the price falls below the 95.00 USDT support, it may test this area)
  • Long Position Stop Loss Point: 87.50 USDT (Leave enough space to avoid triggering stop loss due to small fluctuations, and considering the lowest price of 82.80 USDT between 07:00 and 08:00 on March 11, provide a certain buffer zone)
  • Sell Point 1: 100.00 USDT (As a psychological barrier and near the recent high point, such as the price area around 10:00 on March 12, can be considered as an initial profit-taking target)
  • Sell Point 2: 105.00 USDT (Close to the highest price of 105.86 USDT at 06:00 on March 12. If the market can resume an upward trend, this price can be used as a further profit-taking sell point)
  • Short Position Stop Loss Point: 107.00 USDT (Exceeding the recent high point, providing additional safety margin to limit losses in case of incorrect predictions)

Price Trend Analysis

  1. K-line Form:
  • Recent K-line shows significant price fluctuations. For example, a long lower shadow appeared during the 08:00 period on March 11, indicating significant selling pressure during that time period, but the buyers ultimately pushed up the closing price. In addition, after reaching a peak between 06:00 and 07:00 on March 12, the price began to fall, forming a certain degree of top signal.
  • From the overall trend, the price has experienced a period of adjustment after an uptrend, especially between 05:00 on March 12 and the latest data point, showing consecutive small declines in short real body candlesticks, indicating potential further downside risk.
  1. Technical Indicators:
  • MACD Indicator: Both DIF and DEA are in the positive zone, but the MACD histogram has turned from positive to negative, and the DIF line has crossed below the DEA line in the recent periods, indicating a death cross signal, suggesting a potential downtrend.
  • KDJ Indicator: The J value is lower than the K value and D value in most time periods, and the K and D lines are crossing downwards at a high level, which is usually considered a sell signal.
  • EMA Indicator shows that the short-term EMA(7) has crossed below the long-term EMA(30), which is also a potential downtrend signal.
  1. Volume:
  • During the price increase process (such as from 22:00 on March 11 to 06:00 on March 12), the trading volume increased, supporting the uptrend. However, during the subsequent price decline phase, the trading volume did not significantly increase, which may indicate weak downward momentum.
  • The trading volume in the most recent period has decreased relative to the previous few hours. If there is no significant increase in trading volume, the current price decline may still need to be observed to confirm whether it will continue.

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

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