5-14 Evening Analysis
Yesterday, Da Pan's analysis of Da Bing's Fenxi was well observed by everyone, achieving precise control over the price points and displaying an extraordinary sensitivity to the market. Today, let's take a closer look at Yitai.
Yitai moved from yesterday's bottom resistance level of 2406 to today's early high of 2738, a rising space of 300 points with almost no significant fluctuations. I believe many cryptocurrency friends have grasped some key points. Let's continue to observe today's market trends.
Looking at the Bollinger Bands on the 30-minute and hourly charts, the price trend remains below the middle band, indicating that our bearish strength is much stronger compared to yesterday.
From the MACD indicators, the DIF and DEA lines are showing values on the 30-minute to 1-hour charts that are moving from negative towards positive. This indicates that both sides are competing for value, and the bearish strength will have the upper hand in the short term. We can take a super short-term trade; everyone can find the right entry timing themselves.
Trading Suggestions:
Look for short positions around 2600-2630. Target 2540-2570 with a defense at 2660.
