May 2023 Shape Analysis:

Candlestick Pattern: Recent price fluctuations have been significant, with multiple instances of sharp rises and falls in candlestick patterns, such as the sharp volatility from May 12, 20:00 to May 13, 14:00, indicating unstable market sentiment. The candlesticks from May 13, 12:00 to 14:00 show prices oscillating between 1.05 and 1.12, forming a short-term consolidation range.

Technical Indicators:

MACD: Both DIF and DEA are in the negative value area, and the MACD histogram remains negative, indicating that the current market is in a bearish trend. RSI: RSI fluctuates between 40-50, not entering the overbought or oversold zones, showing a lack of clear direction in the market. EMA: Prices continue to operate below EMA7, EMA30, and EMA120, and EMA7 has crossed below EMA30, further confirming the bearish trend.

Trading Volume:

The trading volume from May 12, 20:00 to May 13, 14:00 significantly increased, especially during sharp price fluctuations, indicating high market participation. The trading volume from May 13, 12:00 to 14:00 is relatively stable, consistent with the price consolidation range, showing a lack of clear direction in the market within this range. #pi #山寨季何时到来