Morning Analysis by AICoin: Market Analysis of BTC, ETH, and DOGE is Coming.

CN
1 year ago

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

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BTC

BTC's 1-hour price trend: Up.

Little A Morning Analysis: BTC, ETH, DOGS Market Analysis Strikes_aicoin_Figure 1

This is a 1-hour Binance BTC/USDT K-line chart, with the latest price at: 61057.8 USDT, including EMA, MACD, KDJ, and volume indicators.

【Buy/Sell Points】

  • Buy Point 1: 60500 USDT (near recent low, the area of long lower shadow from 07:00 on August 21 to 23:00 on August 20, may have support)

  • Buy Point 2: 59500 USDT (near the bottom of the long lower shadow at 01:00 on August 21 and 23:00 on August 20, strong support level)

  • Long Stop Loss: 59000 USDT (below Buy Point 2 and with enough space to avoid triggering stop loss due to small fluctuations)

  • Sell Point 1: 62000 USDT (near the high price of 61793.9 USDT at 04:00 on August 22, may face resistance)

  • Sell Point 2: 63000 USDT (exceeding the recent high point, expected to face greater selling pressure)

  • Short Stop Loss: 63500 USDT (above Sell Point 2, providing protection for short positions, reducing losses caused by price increases)

【Price Trend Analysis】

  1. K-line pattern:

    • Recent K-line shows large price fluctuations, with a long upper shadow at 04:00 on August 22, indicating heavy selling pressure at high levels.
    • During the decline from 07:00 on August 21 to 23:00 on August 20, there are several long lower shadows, suggesting intervention of buying interest at low levels.
  2. Technical indicators:

    • MACD indicator: The latest MACD value is positive and DIF is above DEA, showing characteristics of a bull market. However, the MACD histogram is gradually shrinking, so attention should be paid to possible trend changes.
    • KDJ indicator: The J value (74.86) is in the overbought zone, while the K line and D line are both rising, which may indicate continued bullishness in the short term, but also be alert to the risk of a pullback.
    • EMA indicator: The 7-period EMA (60881.3) is higher than the 30-period EMA (60070.5), with the short-term moving average crossing above the long-term moving average, supporting the current upward trend.
  3. Volume:

    • The volume peaked at 03:00 on August 22 and then gradually decreased, reflecting a decrease in market activity.
    • The recent hours' volume is relatively stable, with no significant increase or decrease, further observation is needed to understand the relationship between volume and price trends.

ETH

ETH's 1-hour price trend: Up.

Little A Morning Analysis: BTC, ETH, DOGS Market Analysis Strikes_aicoin_Figure 2

This is a 1-hour Binance ETH/USDT K-line chart, with the latest price at: 2625.88 USDT, including EMA, MACD, KDJ, and volume indicators.

【Buy/Sell Points】

  • Buy Point 1: 2625.88 USDT (near the current price, EMA(7) slightly higher than EMA(30), MACD shows a short-term bullish signal)

  • Buy Point 2: 2570.00 USDT (near the low point at 07:00 on August 21, potential support if the price retraces to this level)

  • Long Stop Loss: 2530.00 USDT (below the recent low within the period, providing enough space to avoid triggering stop loss due to small fluctuations)

  • Sell Point 1: 2690.00 USDT (near the high point at 13:00 on August 20, may face resistance)

  • Sell Point 2: 2720.00 USDT (exceeding the recent high price over the past few days, expected to strengthen selling pressure)

  • Short Stop Loss: 2750.00 USDT (above Sell Point 2, providing reasonable risk control for short positions)

【Price Trend Analysis】

  1. K-line pattern:

    • Recent K-line shows large price fluctuations, with a long upper shadow at 13:00 on August 20, indicating heavy selling pressure at high levels.
    • There was a significant decline between 21:00 and 22:00 on August 21, followed by a gradual recovery over the next few hours, potentially forming a V-shaped reversal.
  2. Technical indicators:

    • MACD indicator: The latest MACD value is positive (9.28), and DIF is above DEA, indicating a strong short-term bullish signal.
    • KDJ indicator: The J value (52.14) is lower than the K value (67.60) and D value (75.32), indicating a possible oversold situation, requiring caution against a rebound.
    • EMA indicator: EMA(7) is slightly higher than EMA(30), indicating a relatively bullish short-term trend, but the difference is not significant, requiring consideration of other information.
  3. Volume:

    • The volume peaked at 22:00 on August 21 and then gradually decreased, indicating that the previous price fluctuations may have attracted a large number of trades.
    • The recent hours' volume is stable, with no significant increase or decrease, indicating that market participants may be adopting a wait-and-see attitude.

DOGS

DOGS's 1-hour price trend: Sideways.

Little A Morning Analysis: BTC, ETH, DOGS Market Analysis Strikes_aicoin_Figure 3

This is a 1-hour Gate DOGS/USDT K-line chart, with the latest price at: 0.002342 USDT, including EMA, MACD, KDJ, and volume indicators.

【Buy/Sell Points】

  • Buy Point 1: 0.002300 USDT (Near this price is the support area from 00:00 to 01:00 on August 21. If the price retraces to this level, there may be buying interest)

  • Buy Point 2: 0.002100 USDT (This is the low point at 02:00 on August 21. If it falls below the previous buy point, this position may provide stronger psychological and technical support)

  • Long Stop Loss: 0.001950 USDT (Slightly below Buy Point 2, providing enough space to avoid triggering stop loss due to small fluctuations, while considering the low point before 07:00 on August 21 as a reference)

  • Sell Point 1: 0.002500 USDT (Near this price, there have been multiple attempts to break through in the past few hours but failed to sustain, can be considered as initial resistance)

  • Sell Point 2: 0.002700 USDT (High point reached at 10:00 on August 21. If the market exceeds this price, it may enter a more active buyer-controlled area)

  • Short Stop Loss: 0.002800 USDT (Above Sell Point 2, it is a relatively high point in the near term. If the price rises above this point, it may indicate a trend reversal)

【Price Trend Analysis】

  1. K-line pattern:

    • Recent K-line shows intensified price fluctuations, with a significant rise from 16:00 to 09:00 on August 21 followed by a pullback. Especially after the long bullish candle at 09:00 on August 21, market sentiment was high, but there was a certain degree of retracement in the following hours.
    • From 23:00 on August 20 to 01:00 on August 21, there was a continuous decline, with the long real body bearish candle at 00:00 on August 21 indicating seller control of the market.
  2. Technical indicators:

    • The average values of DIF and DEA in the MACD indicator are close, and the MACD histogram fluctuates near the zero axis, suggesting that the market is in a oscillating state without a clear trend.
    • The KDJ indicator shows significant fluctuations in the J value, fluctuating from overbought territory (>80) to the normal range, indicating the possibility of a reversal or increased volatility.
    • The EMA indicator shows frequent crossovers between the 7-period EMA and the 30-period EMA, indicating unstable short-term and long-term trends, with the market not forming a consistent trend.
  3. Volume:

    • Large volume accompanied significant price fluctuations, such as the surge in volume at 09:00 on August 21, supporting the rapid price increase.
    • Subsequently, the volume gradually decreased, indicating a decrease in market participation, and the current price level may lack sufficient support.

※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 AICoin's industry-leading intelligent analysis tool, making it easy for you to interpret the trend of currencies, analyze indicator signals, and identify entry and exit points. Experience it on the APP or PC.

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