AICoin Evening Analysis: ETHFI, AEVO, DOGE Market Analysis Incoming

CN
1 year ago

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

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

ETHFI

1-hour price trend of ETHFI: Sideways.

Little A Evening Analysis: ETHFI, AEVO, DOGE Market Analysis Strikes_aicoin_Figure 1

This is a 1-hour Binance ETHFI/USDT K-line chart, with the latest price at: 7.118 USDT, including EMA, MACD, KDJ, and trading volume indicators.

【Buy/Sell Points】

  • Buy Point 1: 7.00 USDT (recent support level, near EMA(30), potential buying interest if the price retraces here)

  • Buy Point 2: 6.80 USDT (low point area after 18:00 on March 27, further decline to this price level may trigger oversold rebound)

  • Long Stop Loss: 6.60 USDT (leave enough space to avoid premature stop loss due to minor fluctuations, considering 6.60 USDT as a stable area before recent significant fluctuations)

  • Sell Point 1: 7.40 USDT (relative high points in recent cycles, potential selling pressure if the price rises to this level)

  • Sell Point 2: 7.60 USDT (near the top of the long upper shadow at 07:00 on March 28, potential for higher returns if the price breaks through this resistance level)

  • Short Stop Loss: 7.80 USDT (exceeding the recent high point, if the price continues to rise, it indicates a bullish market sentiment, suitable for stopping short positions)

【Price Trend Analysis】

  1. K-line pattern:

    • Recent K-line shows significant price fluctuations, especially the long upper shadow at 07:00 to 08:00 on March 28, indicating heavy selling pressure at high levels. The K-line at 17:00 on March 27 formed a hammer pattern, implying a possible reversal.
    • In the past few hours, the closing price is close to the opening price, showing a short real body, indicating unclear market determination.
  2. Technical indicators:

    • The average values of DIF and DEA in the MACD indicator tend to intersect, and the MACD histogram changes from negative to positive and then back to negative, indicating market oscillation and no clear direction.
    • The J value in the KDJ indicator is higher than the K and D values for most time periods, but the gap is gradually narrowing, which may indicate potential adjustment risks.
    • The EMA(7) and EMA(30) lines are about to cross at the latest data point. If EMA(7) crosses below EMA(30), it may be a signal for further decline.
  3. Trading volume:

    • After reaching a peak from 06:00 to 07:00 on March 28, the trading volume has decreased, and then maintained at a relatively stable level, indicating a decrease in market participant activity.
    • There has been no significant increase in trading volume in the recent few periods, indicating no clear bias in buying and selling power within the current price range.

AEVO

1-hour price trend of AEVO: Sideways.

Little A Evening Analysis: ETHFI, AEVO, DOGE Market Analysis Strikes_aicoin_Figure 2

This is a 1-hour Binance AEVO/USDT K-line chart, with the latest price at: 3.21 USDT, including EMA, MACD, KDJ, and trading volume indicators.

【Buy/Sell Points】

  • Buy Point 1: 3.10 USDT (EMA(7) and EMA(30) are close, potential support if the price retraces here)

  • Buy Point 2: 2.94 USDT (near the previous low point, historically a strong support area)

  • Long Stop Loss: 2.85 USDT (leave enough space to avoid stop loss triggered by minor fluctuations, considering the support below Buy Point 2)

  • Sell Point 1: 3.40 USDT (repeated testing of this resistance level in the near term, can be used as an initial selling target)

  • Sell Point 2: 3.70 USDT (near the high point at 07:00 on March 28, significant resistance level)

  • Short Stop Loss: 3.80 USDT (exceeding Sell Point 2, allowing market fluctuation space, and below the psychological barrier of 4.00 USDT)

【Price Trend Analysis】

  1. K-line pattern:

    • Recent K-line shows intensified price fluctuations, especially the long upper shadow at 08:00 on March 28, indicating selling pressure at high levels. Subsequently, the price has fallen.
    • In the past few hours, the K-line body has gradually shortened, and the closing price is close to the opening price, indicating a balance of power between buyers and sellers.
  2. Technical indicators:

    • The difference between DIF and DEA values in the MACD indicator is small, and the MACD histogram also shows a weak negative value, indicating that the current market momentum is not strong and may be in a oscillating state.
    • The J value in the KDJ indicator is significantly lower than the K and D values at the latest data point, which may indicate a potential reversal signal, but further confirmation is needed.
    • EMA(7) has been above EMA(30) all along, indicating that the bulls still have the advantage in the short term, but the two are approaching, so it is necessary to pay attention to whether a crossover will occur.
  3. Trading volume:

    • When the price reached its highest point (08:00 on March 28), the trading volume reached its peak, and then decreased as the price fell, conforming to the adjustment pattern after a volume surge at the top.
    • The trading volume has been stable in the recent few periods, with no significant fluctuations, indicating relatively stable market participant sentiment.

DOGE

1-hour price trend of DOGE: Sideways.

Little A Evening Analysis: ETHFI, AEVO, DOGE Market Analysis Strikes_aicoin_Figure 3

This is a 1-hour Binance DOGE/USDT K-line chart, with the latest price at: 0.21192 USDT, including EMA, MACD, KDJ, and trading volume indicators.

【Buy/Sell Points】

  • Buy Point 1: 0.205 USDT (Considering EMA(7) is above EMA(30), showing a positive short-term trend. If the price retraces to this level, it may attract buyer intervention)
  • Buy Point 2: 0.195 USDT (Recently provided support, played a key role in the rebound after 09:00 on March 28. If it falls below 0.205 USDT, this price level can be seen as a more attractive buying area)
  • Long Stop Loss: 0.190 USDT (Below Buy Point 2, leaving some space to avoid stop loss triggered by minor fluctuations, and also an important psychological and technical support level in the previous period)
  • Sell Point 1: 0.220 USDT (Close to the recent high point, and acted as a resistance level near 06:00 on March 29, suitable as an initial profit-taking point)
  • Sell Point 2: 0.229 USDT (The recent highest price, if the market can break through this resistance, it may further rise, but can be used as a more conservative selling target before the breakthrough)
  • Short Stop Loss: 0.233 USDT (Above Sell Point 2, giving the market enough space to confirm whether the previous high point has truly been broken, reducing the risk of triggering stop loss due to minor fluctuations)

Price Trend Analysis

  1. K-line pattern:
  • Recent K-lines show intensified price fluctuations, especially between 20:00 on March 28 and 03:00 on March 29, indicating active market sentiment. For example, the significant difference between the highest and lowest prices within the 20:00 period on March 28, forming a long lower shadow, implying strong buyer intervention.
  • From 22:00 on March 27 to 06:00 on March 28, the price experienced a rapid rise followed by a fall, forming a "shooting star" pattern similar to a top reversal, possibly indicating a potential reversal in the short term.
  1. Technical indicators:
  • The MACD indicator shows that both DIF and DEA are in positive territory, but the MACD histogram has changed from positive to negative, indicating a weakening of recent bullish momentum and the possibility of a short-term adjustment.
  • The KDJ indicator shows signs of overbought or oversold at different time points, such as J value reaching 98.16 (overbought) at 08:00 on March 28, and dropping to 17.54 (approaching oversold) at 17:00 on March 29. This fluctuation may cause short-term price oscillation.
  • The 7-period EMA is mostly above the 30-period EMA, indicating a relatively positive short-term trend compared to the long-term trend. However, the gap between the two is narrowing, indicating a balance of power between bulls and bears.
  1. Trading volume:
  • The trading volume increased significantly during large price fluctuations, such as the surge in trading volume at 20:00 on March 28, indicating intense market participant competition at that price level.
  • In the latest period (17:00 on March 29), the trading volume has decreased compared to the previous hour. If the trading volume continues to decrease and the price cannot effectively break through, it may indicate that the current price range will continue for some time.

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

Little A's intelligent analysis is the industry's first intelligent analysis tool recommended by AICoin, which easily helps you interpret the trend of currencies, analyze indicator signals, and identify entry and exit points. You can experience it on the APP or PC.

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