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PYTH

1-hour price trend of PYTH: Down.

This is a 1-hour BitMEX PYTH/USDT candlestick chart, with the latest price at: 0.3433 USDT, including EMA, MACD, KDJ, and volume indicators.

【Buy/Sell Points】

• Buy Point 1: 0.3500 USDT (Considering the downward crossing of EMA(7) and EMA(30), the price is expected to rebound, but caution is needed to enter at a relatively safe price)

• Buy Point 2: 0.3400 USDT (If the price continues to decline and reaches a new low, consider bottom fishing at this level, as it is near the recent low price)

• Long Stop Loss: 0.3350 USDT (Set below Buy Point 2, leaving enough space to avoid stop loss caused by minor fluctuations)

• Sell Point 1: 0.3600 USDT (If the market rebounds, this price is close to the bottom of the previous stable area, and can be used as an initial profit-taking point)

• Sell Point 2: 0.3800 USDT (More optimistic target, assuming the market can recover to the previous high, but caution should be maintained due to the overall bearish trend)

• Short Stop Loss: 0.3850 USDT (Exceeding Sell Point 2, allowing for market upward movement while limiting losses)

【Price Trend Analysis】

1. Candlestick Pattern:

   • Recent candlesticks show the price dropping suddenly from a stable range of 0.4 to 0.3433, forming a long bearish candlestick, indicating that the sellers are controlling the market.
   • Since the highest price and the opening price are both 0.4, and there is no upper shadow, it indicates that the buyers are unable to reverse the situation within this price range.

2. Technical Indicators:

   • The DIF in the MACD indicator is rapidly decreasing and is below the DEA, with the MACD value being negative, showing a strong bearish signal.
   • The KDJ indicator cannot be analyzed due to incomplete data (all are 0).
   • The EMA indicator EMA(7) has crossed below EMA(30), further confirming the downward trend.

3. Volume:

   • The latest period's volume of 1300 has significantly increased, combined with a substantial price decline, implying strong downward momentum.
   • The volume in the previous few periods was 0, indicating very low market activity, possibly a precursor to a sudden price change.

SOL

1-hour price trend of SOL: Down.

This is a 1-hour Binance SOL/USDT candlestick chart, with the latest price at: 181.585 USDT, including EMA, MACD, KDJ, and volume indicators.

【Buy/Sell Points】

• Buy Point 1: 180.00 USDT (Considering EMA(7) is above EMA(30), but the gap is narrowing, there may be short-term support)

• Buy Point 2: 175.00 USDT (Long lower shadow indicates strong buying support in this price range, can be a deeper buying point)

• Long Stop Loss: 172.00 USDT (Below Buy Point 2, and leaving enough space to avoid stop loss triggered by minor fluctuations)

• Sell Point 1: 185.00 USDT (Near the recent high, may face selling pressure)

• Sell Point 2: 190.00 USDT (After breaking the previous high of 188.955, it faces psychological resistance and technical resistance)

• Short Stop Loss: 193.00 USDT (Above Sell Point 2, allowing for market fluctuations and reducing the chance of accidental stop loss)

【Price Trend Analysis】

1. Candlestick Pattern:

   • Recent candlesticks show significant price fluctuations, with several long lower shadows appearing between 05:00 on May 20th and 17:00 on May 21st, indicating buying support at the lower levels.
   • From 23:00 on May 19th to 01:00 on May 20th, there was a continuous upward trend, followed by a downturn from 02:00 to 04:00 on May 20th, which may be a brief adjustment.

2. Technical Indicators:

   • Both DIF and DEA in the MACD indicator are in positive territory, but the MACD histogram is changing from positive to negative, indicating a weakening bullish momentum and a possible market adjustment phase.
   • The J value in the KDJ indicator has recently reached a high point in the last few periods, and is currently falling, with no clear crossover between the K line and the D line, and no golden or death cross signal formed, indicating an unclear market direction.
   • The 7-day EMA is above the 30-day EMA, but the gap is gradually narrowing, indicating a weakening of short-term bullish momentum.

3. Volume:

   • After reaching a peak at 03:00 on May 20th, the volume gradually decreased, indicating possible selling pressure at the high levels.
   • The volume in the latest period is relatively stable, with no significant increase or decrease, indicating a strong wait-and-see sentiment among market participants.

ETH

1-hour price trend of ETH: Sideways.

This is a 1-hour Binance ETH/USDT candlestick chart, with the latest price at: 3668.49 USDT, including EMA, MACD, KDJ, and volume indicators.

【Buy/Sell Points】

• Buy Point 1: 3650 USDT (Considering that EMA(7) is still higher than EMA(30), and there is support near this level, it can be used as the initial buy point for short-term long positions)

• Buy Point 2: 3600 USDT (If the price falls below 3650 USDT and continues to decline, the area near 3600 USDT is the previous low point area, which may provide strong support)

• Long Stop Loss: 3550 USDT (Leaving enough space to avoid stop loss triggered by minor fluctuations, and this price is below Buy Point 2, and is below the recent low point)

• Sell Point 1: 3700 USDT (The current price is close to this level, and if it can break through, it can be seen as a continuation of the upward trend, suitable as the first sell point)

• Sell Point 2: 3750 USDT (If the market sentiment remains positive, the price may test above the recent high of 3725.69 USDT, and 3750 USDT can be used to secure further profits)

• Short Stop Loss: 3800 USDT (Above Sell Point 2, leaving some space to reduce the risk of accidental stop loss due to minor fluctuations)

【Price Trend Analysis】

1. Candlestick Pattern:

   • Recent candlesticks show intensified price fluctuations, especially between 08:00 on May 20th and 12:00 on May 21st, with significant price gaps and long real bodies, indicating intense market sentiment. Between 07:00 and 11:00 on May 21st, the price experienced a rapid rise, followed by a slight decline.
   • The hourly candlestick at 17:00 on May 21st is a small bullish candle, with the closing price higher than the opening price, but the real body of this candle is relatively short compared to the long real bodies of the previous few periods, suggesting that the buying pressure may be weakening.

2. Technical Indicators:

   • In the MACD indicator, both DIF and DEA are in positive territory, but the latest MACD histogram is negative, indicating a weakening of short-term bullish momentum and potential adjustment risk.
   • In the KDJ indicator, the J value (28.72) is lower than the K value (51.46) and the D value (62.82), indicating a certain downward pressure in the short term.
   • In the EMA indicator, EMA(7) is above EMA(30), showing a recent positive trend, but if EMA(7) starts to turn downward, attention should be paid to the short-term trend change.

3. Volume:

   • The volume increased significantly during the sharp price increase, such as from 06:00 to 12:00 on May 21st, accompanying the price rise, reflecting buyer enthusiasm.
   • The volume has decreased in the recent few hours, especially from 16:00 to 17:00 on May 21st, with reduced volume, in line with the candlestick pattern analysis, possibly indicating insufficient current upward momentum, and caution is needed for the subsequent trend.

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

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