Price Trend Analysis
K-Line Pattern:
Recent prices have fluctuated within the range of 110500 to 111800, forming multiple K-lines with long upper and lower shadows, indicating fierce competition between bulls and bears in the market.
The K-line at 14:00 on May 23 closed at 110592.83, lower than the previous K-line's closing price of 110855.47, forming a short-term downward trend.
Technical Indicators:
MACD: Both DIF and DEA are in the positive area, but the MACD histogram is gradually shrinking, indicating a weakening of upward momentum.
RSI: RSI14 is at 48.34, close to the neutral area, indicating a balanced market sentiment with no obvious overbought or oversold signals.
EMA: Prices fluctuate between EMA7 (110962.01) and EMA30 (110611.51), with EMA7 crossing below EMA30, indicating a bearish short-term trend.
Trading Volume:
The trading volume at 14:00 on May 23 was 396, a decrease from the previous hour's 541, indicating a decline in market participation.
Recent trading volume has shown overall fluctuations, with no clear trend of expansion or contraction, and market trading sentiment is cautious.
The market is currently turbulent; walking alone can be lonely. Follow me for daily spot potential layouts and bull market strategy layouts.