Xiao A's evening analysis: OP, merl, and ETH market analysis is coming.

CN
1 year ago

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

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

OP

OP's 1-hour price trend: Up.

Little A evening analysis: OP, merl, ETH market analysis is coming_aicoin_figure 1

This is a 1-hour Binance OP/USDT K-line chart, with the latest price at: 2.5653 USDT, including EMA, MACD, KDJ, and trading volume indicators.

[Buy/Sell Points]

  • Buy point one: 2.5000 USDT (current position of EMA(7), as a recent support level, price retracement to this level may attract buying interest)
  • Buy point two: 2.4500 USDT (low point area touched and rebounded multiple times recently, strong psychological and technical support level)
  • Long position stop loss point: 2.4300 USDT (below buy point two, with enough space to avoid triggering stop loss due to small fluctuations)
  • Sell point one: 2.5800 USDT (close to the highest price, may form a short-term resistance level, suitable for partial profit-taking)
  • Sell point two: 2.6200 USDT (exceeding the currently known highest price, setting a higher selling target to gain additional profits)
  • Short position stop loss point: 2.6400 USDT (above sell point two, providing sufficient room for market fluctuations while limiting potential losses)

[Price Trend Analysis]

  1. K-line pattern:
  • Recent K-line shows intensified price fluctuations, especially during the period from 00:00 on April 21 to 17:00 on April 22, with significant price volatility. For example, on April 21 at 01:00, there was a significant long real body bullish candlestick between the opening price of 2.4121 and the closing price of 2.4775, indicating buyer control of the market.
  • From 17:00 on April 20 to 07:00 on April 21, there were multiple K-lines with long lower shadows, such as the hammer pattern at 17:00 on April 20, suggesting signs of buyer entry during that period.
  1. Technical indicators:
  • MACD indicator: The latest MACD value is positive (0.0198), and DIF is higher than DEA, indicating that short-term upward momentum still exists. However, due to the decreasing height of the MACD histogram, it suggests that momentum may be weakening.
  • KDJ indicator: J value of 85.23 is higher than K value of 81.52 and D value of 79.67, indicating the current market may be overheated, with potential risk of a pullback.
  • EMA indicator: EMA(7) is above EMA(30), indicating an upward trend in the medium term. However, as the distance between EMA(7) and EMA(30) narrows, the upward trend may slow down.
  1. Trading volume:
  • Trading volume also increased significantly during large price fluctuations, such as the trading volume surging to 5818064.1000 at 01:00 on April 21, accompanied by a price increase, reflecting strong buying interest.
  • The trading volume in the recent few hours has been relatively stable, with no abnormal peaks, indicating that the level of market participation has not significantly changed.

merl

merl's 1-hour price trend: Down.

Little A evening analysis: OP, merl, ETH market analysis is coming_aicoin_figure 2

This is a 1-hour Hotcoin Global merl/USDT K-line chart, with the latest price at: 1.0620 USDT, including EMA, MACD, KDJ, and trading volume indicators.

[Buy/Sell Points]

  • Buy point one: 1.0500 USDT (considering the support rebound near 1.0511, set slightly below this price to seek entry opportunities)
  • Buy point two: 1.0300 USDT (if the market continues to decline, 1.0211 is a recent low point, and this area is expected to have strong support, so set to buy above it)
  • Long position stop loss point: 1.0200 USDT (below the recent low point of 1.0211, providing enough space to avoid triggering stop loss due to small fluctuations)
  • Sell point one: 1.0800 USDT (both current EMA(7) and EMA(30) are higher than this price, can be used as a short-term selling target)
  • Sell point two: 1.1000 USDT (close to the high point at 06:00 on April 21, if the price can rebound to this level, it may encounter significant resistance)
  • Short position stop loss point: 1.1200 USDT (above sell point two, providing a larger safety margin for short operations)

[Price Trend Analysis]

  1. K-line pattern:
  • In the recent few hours, the price has shown a trend of falling from the high point of 1.2155 to the latest price of 1.0620. During the 07:00 period on April 21, a long upper shadow appeared in the K-line, indicating significant selling pressure, followed by a price decline.
  • From 19:00 on April 20 to 02:00 on April 21, there were consecutive bearish candles, including some with small real bodies and long lower shadows, indicating that buyers attempted to support the price but failed to change the downtrend.
  1. Technical indicators:
  • In the MACD indicator, both DIF and DEA are negative, and DIF is below DEA in the latest data, and the MACD histogram also shows signs of contraction, suggesting current weakening momentum and potential further downside risk.
  • In the KDJ indicator, the J value has fluctuated significantly over the past few periods, but the overall trend is downward, with both the K line and D line below the 50 level, indicating a short-term bearish market.
  • The EMA indicator shows the 7-period EMA continuously crossing below the 30-period EMA, reflecting short-term seller control of the market and a bearish price trend.
  1. Trading volume:
  • During the price decline, the trading volume did not significantly increase, which may indicate that the downtrend has not been fully recognized by the market, or that the downward momentum is not sufficient to cause panic selling.
  • However, after the long upper shadow at 07:00 on April 21, the trading volume increased, which may be a signal of rapid price decline, and caution is needed to see if more selling pressure will intervene subsequently.

ETH

ETH's 1-hour price trend: Up.

Little A evening analysis: OP, merl, ETH market analysis is coming_aicoin_figure 3

This is a 1-hour Binance ETH/USDT K-line chart, with the latest price at: 3209.51 USDT, including EMA, MACD, KDJ, and trading volume indicators.

  • Buy point one: 3150 USDT (Considering both EMA(7) and EMA(30) are lower than the current price, choosing the support level near the short-term EMA as the first buy point)
  • Buy point two: 3135 USDT (Touched and rebounded at this price multiple times between 00:00 on April 21 and 17:00 on April 22, indicating strong support)
  • Long position stop loss point: 3110 USDT (Slightly below buy point two, and in the area of the previous low point, providing enough space to avoid triggering stop loss due to small fluctuations)
  • Sell point one: 3230 USDT (Close to the highest price of 3235, may face resistance, suitable as an initial profit-taking point)
  • Sell point two: 3250 USDT (Exceeding the current highest point in the period, expected to encounter greater resistance, suitable as a further profit-taking point)
  • Short position stop loss point: 3270 USDT (Above sell point two, set conservatively above the new high to reduce the risk of greater losses due to breaking the new high)

[Price Trend Analysis]

  1. K-line pattern:
  • Recent hourly chart shows significant price fluctuations, with multiple K-lines having long lower shadows (such as 17:00 on April 20), indicating buying support at lower levels.
  • Between 01:00 on April 21 and 17:00 on April 22, the price rose from 3097.75 to 3209.51, showing a certain upward trend. Especially at 05:00 on April 21, there was a long bullish candlestick, suggesting strong buying pressure.
  1. Technical indicators:
  • MACD indicator: The latest MACD value is positive (DIF > DEA), and the MACD histogram is positive, indicating the current market is in a bullish control and may maintain an upward trend.
  • KDJ indicator: J value of 80.09 is higher than K value of 74.17 and D value of 71.22, but all three are at high levels, possibly indicating overbought conditions, requiring caution against the risk of a pullback.
  • EMA indicator: Closing price of 3209.51 is higher than the short-term EMA(7) of 3199.29 and the long-term EMA(30) of 3166.14, indicating a good upward trend in the short term.
  1. Trading volume:
  • The trading volume gradually decreased after reaching its peak at 01:00 on April 21, combined with the price increase, indicating that the upward momentum may be weakening.
  • The trading volume has been stable in the recent few periods, with no significant increase or decrease, indicating relatively stable 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, 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 end.

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