Evening market analysis: Pionex's analysis for you!

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

ENA

1-hour price trend of ENA: Sideways.

This is a 1-hour BitMEX ENA/USDT candlestick chart, with the latest price at: 0.8500 USDT, including EMA, MACD, KDJ, and volume indicators.

【Buy/Sell Points】

• Buy point 1: 0.8200 USDT (Price has support at this level, EMA(7) and EMA(30) are both higher than this price, can be considered as a reasonable entry point for short-term long positions)

• Buy point 2: 0.7901 USDT (Near recent low, potential buying support if the price retraces to this level, suitable as a more conservative entry point)

• Long position stop loss: 0.7800 USDT (Slightly below buy point 2, providing enough space to prevent stop loss triggered by minor fluctuations, while considering that this position was the starting point of the previous rebound)

• Sell point 1: 0.8699 USDT (Near the recent highest closing price of the hourly candlesticks, can be used as the initial profit-taking target)

• Sell point 2: 0.9000 USDT (Close to the peak value at 06:00 on April 3rd, a large upper shadow indicates strong selling pressure at this price level, suitable as a further profit-taking target)

• Short position stop loss: 0.9100 USDT (Slightly above sell point 2, allowing for market fluctuations, while exceeding this price may indicate a trend change)

【Price Trend Analysis】

1. Candlestick pattern:

   • Recent candlesticks show significant price fluctuations, with a long upper shadow candlestick appearing at 06:00 on April 3rd, indicating selling pressure at the high.
   • From 20:00 on April 2nd to 17:00 on April 3rd, the price gradually declined and stabilized, forming a short consolidation around 0.8500.

2. Technical indicators:

   • MACD indicator: The latest MACD value is positive (0.0026), but relatively smaller than before, both DIF and DEA are above the zero axis, with DIF lower than DEA, implying weakening bullish momentum.
   • KDJ indicator: The J value of 67.83 is higher than the K value of 52.70 and the D value of 45.13, possibly indicating overbought conditions or an upcoming price adjustment.
   • EMA indicator: EMA(7) is above EMA(30), indicating the short-term trend still leans towards bullish, but the narrowing gap suggests a balance of power between bulls and bears.

3. Volume:

   • After reaching a peak at 06:00 on April 3rd, the volume significantly decreased along with the price, indicating that high prices attracted some selling pressure.
   • The recent hours have seen consistently low trading volume, reflecting a strong wait-and-see sentiment among market participants, with the current price range failing to stimulate more trading activity.

core

1-hour price trend of core: Upward.

This is a 1-hour OKX Ordinals core/BTC candlestick chart, with the latest price at: 0.0000002670 BTC, including EMA, MACD, KDJ, and volume indicators.

【Buy/Sell Points】

• Buy point 1: 0.0000002600 BTC (EMA(7) is above EMA(30), indicating the maintenance of an upward trend in the mid-short term; although the MACD indicator shows weakening momentum, it remains in the positive zone)

• Buy point 2: 0.0000002500 BTC (Near the recent low, potential support if the price retraces to this level)

• Long position stop loss: 0.0000002450 BTC (Slightly below buy point 2, providing space to avoid stop loss triggered by minor fluctuations)

• Sell point 1: 0.0000002700 BTC (Recent high point, can be used as the initial resistance level)

• Sell point 2: 0.0000002800 BTC (Closing prices at 02:00 and 03:00 on April 3rd, higher selling targets)

• Short position stop loss: 0.0000002850 BTC (Above sell point 2, considering short position risk management)

【Price Trend Analysis】

1. Candlestick pattern:

   • Recent candlesticks mostly have short bodies, indicating weak market decisiveness and small price fluctuations.
   • A significant price fluctuation occurred at 18:00 on April 1st, with the highest price reaching 0.000007999 and the closing price at 0.0000019000, forming a long upper shadow candlestick, possibly indicating a shooting star pattern, suggesting a top reversal.

2. Technical indicators:

   • MACD indicator: MACD turned positive after 03:00 on April 2nd, showing a buy signal. However, the average values of DIF and DEA have been close in recent periods, and the shortening of the MACD histogram indicates weakening momentum.
   • KDJ indicator: The J value exceeded 100 between 07:00 and 16:00 on April 3rd, indicating overbought conditions and potential retracement risk.
   • EMA indicator: EMA(7) has consistently been above EMA(30), indicating the maintenance of an upward trend in the mid-short term.

3. Volume:

   • During significant price fluctuations (such as at 18:00 on April 1st), the trading volume significantly increased, which may indicate market controversy within this price range.
   • The recent hours have seen relatively stable trading volume, without significant anomalies, consistent with the characteristics of the recent short-bodied candlesticks.

BOME

1-hour price trend of BOME: Downward.

This is a 1-hour OKX Ordinals BOME/BTC candlestick chart, with the latest price at: 0.0000000690 BTC, including EMA, MACD, KDJ, and volume indicators.

【Buy/Sell Points】

• Buy point 1: 0.0000000700 BTC (There is support near this level, EMA(7) and EMA(30) are close, possibly a signal for a short-term rebound)

• Buy point 2: 0.0000000650 BTC (A long lower shadow appeared at 21:00 on April 1st, indicating buying interest at this price level, considered a stronger support level)

• Long position stop loss: 0.0000000630 BTC (Below buy point 2, and with enough space to avoid stop loss triggered by minor fluctuations)

• Sell point 1: 0.0000000750 BTC (Recently tested this price level multiple times without breaking through, can be considered as an initial resistance level for profit-taking)

• Sell point 2: 0.0000000780 BTC (This price level is the upper limit of the recent stable range, if there are signs of a spike, consider reducing positions or selling out completely at this level)

• Short position stop loss: 0.0000000800 BTC (Above sell point 2, providing adequate space to prevent stop loss triggered by market fluctuations)

【Price Trend Analysis】

1. Candlestick pattern:

   • Recent candlesticks show price stability around 0.0000000780, with no significant long bodies, indicating minimal market volatility.
   • A candlestick with a long lower shadow appeared at 21:00 on April 1st, possibly a signal of buyer intervention.

2. Technical indicators:

   • MACD indicator: The latest data shows both DIF and DEA are negative, and the MACD histogram is expanding, indicating the current market is in a downtrend.
   • KDJ indicator: The J value has risen in recent periods, but is still lower than the K and D lines, which may indicate a lack of strong rebound momentum.
   • EMA indicator: The values of EMA(7) and EMA(30) are close, indicating an entanglement of short-term and long-term trends, with no clear trend observed.

3. Volume:

   • During price decline (such as at 21:00 on April 1st), the trading volume increased, possibly indicating increased selling pressure.
   • Subsequently, the trading volume gradually decreased, indicating reduced market activity.

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

Pionex'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. Experience it on the APP or PC end.

Download for PC: https://www.aicoin.com/zh-CN/download

Download the APP: https://aicoin.app/download

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。