Is this the final carnival for the bulls? MACD red bars shrink + KDJ top divergence!
The one-hour K-line of ACA is truly exciting! In the morning, it surged directly from 0.0252 to 0.0358, and now it has pulled back to around 0.0334 for consolidation.
MA7 and MA30 have turned upwards, and EMA7 has directly crossed above EMA30, indicating a bullish arrangement in moving averages.
MACD has a golden cross above the zero axis, with the difference between DIF and DEA pulling to 0.0007, showing that bullish momentum is still increasing. However, the KDJ's J line has dropped to 62.83, while the K and D lines are also at a high level, signaling a bit of overbought warning technically.
The most critical point is the trading volume; the MA5 trading volume of 23.09 million is 30% higher than MA10's 16.74 million, indicating a significant amount of funds entering and exiting at the key price levels of 0.0322 and 0.0358 over the past five days.
Currently, the volume has shrunk to 7 million, which is 70% less than the five-day average. Such low-volume consolidation often serves as a signal for a change in market direction.
The market continues to change, and we are closely monitoring it to seize new entry opportunities. Like and leave a comment to navigate through the bull market and grab this great opportunity together.
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