UXLINK today’s market analysis:
1. K-line pattern:
- The price has recently fluctuated between 0.15 and 0.21. There was a sharp increase on September 3, from 0.1517 to a maximum of 0.2968, but then fell back.
- The current K-line shows signs of consolidating at a high level, and there will be some selling pressure in the short term.
2. Technical indicators:
- MACD: DIF and DEA are both positive, and the MACD histogram is red, indicating that it is currently in a bull market, but its strength has weakened.
- RSI: The RSI14 value is around 63.89, which is close to the overbought range. We need to be alert to the risk of a possible correction.
- EMA: EMA7 (0.20) > EMA30 (0.17) > EMA120 (0.16), the short, medium and long-term moving averages are arranged in a long position, and the trend is upward.
3. Trading volume:
- On September 3, the trading volume increased significantly, reaching 49710878, accompanied by sharp price fluctuations, indicating high capital activity.
- Trading volume decreased in the following days, but remained relatively high, indicating that market attention is still high.
【Buy and sell point】
- Buying point one: 0.20 USDT (EMA7 support level, integer point)
- Buying point two: 0.19 USDT (near the low of the previous band, there is a strong buying order)
- Long stop loss point: 0.18 USDT (the previous low is a little lower to prevent false breakthroughs)
- Selling point one: 0.22 USDT (near the recent high, there is selling pressure)
- Sell point two: 0.23 USDT (integer point, further upward pressure)
- Short selling stop loss point: 0.24 USDT (a little higher than the previous high to prevent false breakthroughs)