Xiao A Evening Analysis: ORDI, dogs, ETH market analysis is coming.

CN
11 months ago

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

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

ORDI

1-hour price trend of ORDI: Sideways.

Little A Evening Analysis: ORDI, dogs, ETH Market Analysis Strikes_aicoin_Figure 1

This is a 1-hour OKX ORDI/USDT K-line chart, with the latest price at: 28.755 USDT, including EMA, MACD, KDJ, and volume indicators.

【Buy/Sell Points】

  • Buy Point 1: 28.500 USDT (recent EMA(7) and EMA(30) both provide support in this area, with potential for price rebound)

  • Buy Point 2: 27.900 USDT (tested multiple times as support between 06:00 on September 7th and 07:00 on September 8th, with no abnormal increase in volume, indicating strong support at this price level)

  • Long Stop Loss: 27.700 USDT (below Buy Point 2 and with enough space to avoid triggering stop loss due to small fluctuations, while also considering that this position is the previous significant low point)

  • Sell Point 1: 29.000 USDT (recent highs have frequently appeared near this level within the past few hours, can be seen as initial resistance)

  • Sell Point 2: 29.500 USDT (near the closing price of a long bullish candle at 23:00 on September 7th, with no effective breakthrough in price afterwards)

  • Short Stop Loss: 29.700 USDT (above Sell Point 2, with adequate space to address potential upward breakthroughs)

【Price Trend Analysis】

  1. K-line Form:

    • Recent K-lines show significant price fluctuations, such as the long bullish candle at 23:00 on September 7th and the long-bodied bullish candle at 20:00 on September 6th, indicating strong buying interest. However, subsequent K-lines with long upper shadows (e.g. at 21:00 on September 6th) suggest selling pressure at higher levels.
    • Small-bodied or doji candles appeared multiple times between 05:00 on September 7th and 07:00 on September 8th, reflecting market uncertainty within this range.
  2. Technical Indicators:

    • Both DIF and DEA in the MACD indicator are in positive territory, but the MACD histogram is gradually decreasing, indicating weakening bullish momentum and a potential retracement or consolidation trend.
    • The K value in the KDJ indicator has shown overbought conditions (exceeding 80) in the recent few periods, especially between 22:00 on September 7th and 12:00 on September 8th, followed by a decline, suggesting a potential price pullback.
    • The 7-period EMA has been running above the 30-period EMA, indicating a continued upward trend in the short term, but the gap between the two is narrowing, requiring attention to a potential crossover.
  3. Volume:

    • Volume increased significantly during large price fluctuations, such as at 20:00 on September 6th and 23:00 on September 7th, with a sharp increase in volume accompanying rapid price increases, showing active participation from buyers.
    • Volume has been relatively stable in the past few hours, with no significant abnormal fluctuations, indicating a certain balance between buyers and sellers within the current price range.

dogs

1-hour price trend of dogs: Sideways.

Little A Evening Analysis: ORDI, dogs, ETH Market Analysis Strikes_aicoin_Figure 2

This is a 1-hour OKX Ordinals dogs/BTC K-line chart, with the latest price at: 0.000000285 BTC, including EMA, MACD, KDJ, and volume indicators.

【Buy/Sell Points】

  • Buy Point 1: 0.000000280 BTC (current price is close to the recent low points, if the market remains stable, it can be considered a relatively safe entry point)

  • Buy Point 2: 0.000000270 BTC (if the price retraces to this level, it may be a more attractive buying opportunity, also considering support near EMA(30))

  • Long Stop Loss: 0.000000265 BTC (below Buy Point 2, providing enough space to avoid triggering stop loss due to small fluctuations)

  • Sell Point 1: 0.000000290 BTC (slightly above the recent high of the period, as an initial profit-taking point)

  • Sell Point 2: 0.000000300 BTC (psychological barrier and likely to form a new resistance-turned-support area after breakthrough)

  • Short Stop Loss: 0.000000305 BTC (above Sell Point 2, setting protective stop loss for short positions)

【Price Trend Analysis】

  1. K-line Form:

    • Recent K-lines show stable prices in the range of 2.5e-7 to 2.85e-7, with no significant long bodies or upper/lower shadows, indicating little market volatility.
    • The latest period saw a slight increase, with the closing price equal to the highest price, suggesting some control by buyers in the short term.
  2. Technical Indicators:

    • Both DIF and DEA values in the MACD indicator are close and the MACD histogram value is small, indicating a weak current market trend, possibly in a oscillating state.
    • The J value in the KDJ indicator is much higher than the K and D values, possibly indicating overbought conditions, requiring caution against the risk of a pullback.
    • The EMA indicator shows that EMA(7) is slightly higher than EMA(30), with a minor upward trend in the short term compared to the long-term trend, but the gap is not significant, reflecting slight upward momentum.
  3. Volume:

    • The latest period's volume of 24500 is much higher than the previous few periods, which may be a support factor for the price increase.
    • Prolonged low volume may indicate low market participation, and sudden surges in volume need to be monitored for sustainability.

ETH

1-hour price trend of ETH: Up.

Little A Evening Analysis: ORDI, dogs, ETH Market Analysis Strikes_aicoin_Figure 3

This is a 1-hour Binance ETH/USDT K-line chart, with the latest price at: 2297.31 USDT, including EMA, MACD, KDJ, and volume indicators.

【Buy/Sell Points】

  • Buy Point 1: 2300 USDT (There is support near this level, EMA(7) is above EMA(30), and a bullish crossover has formed in KDJ)

  • Buy Point 2: 2275 USDT (Near the recent low point area, potential buying interest if the price retraces to this level)

  • Long Stop Loss: 2250 USDT (Below Buy Point 2 and a psychological key support level, providing enough space to avoid triggering stop loss due to small fluctuations)

  • Sell Point 1: 2350 USDT (Recent rebound high point, suitable as an initial profit-taking position)

  • Sell Point 2: 2400 USDT (Close to the highest price, a significant resistance level, suitable as a further profit-taking target)

  • Short Stop Loss: 2425 USDT (Above Sell Point 2, providing additional protection against a breakthrough to new highs)

【Price Trend Analysis】

  1. K-line Form:

    • Recent K-lines show intensified price fluctuations, especially with a significant price drop between 20:00 on September 6th and 05:00 on September 7th, with a long upper shadow between 23:00 on September 6th and 00:00 on September 7th indicating significant selling pressure.
    • In the past few hours, the price has stabilized, especially in the period at 17:00 on September 8th, with a small-bodied candle, indicating relatively balanced market competition.
  2. Technical Indicators:

    • Both DIF and DEA values in the MACD indicator are gradually converging, and the MACD histogram has turned from negative to positive, indicating strengthening bullish momentum and a potential sign of reversal to the upside.
    • The J value in the KDJ indicator is higher than the K and D values, and the K value has crossed the D value to form a bullish crossover, which is typically seen as a buy signal.
    • The EMA indicator shows that the 7-period EMA (2290.76) is above the 30-period EMA (2285.00), indicating a turnaround in the short-term trend, but further observation is needed to confirm its sustainability.
  3. Volume:

    • Volume peaked at 04:00 on September 7th and gradually declined, in line with the price decline, indicating that the downtrend is supported by volume.
    • The volume in the latest period has slightly increased, and if the volume continues to expand in the next few periods, it may further confirm the effectiveness of the price reversal.

※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 launched 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.

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