Concubine Early Trading Technical Analysis



Recently, the K-line has shown a oscillating downward trend, with the price gradually falling from a high of 2152 to around 2087.

The daily chart shows multiple long upper shadow candles, indicating heavy selling pressure above.

MACD: In the 15-minute cycle, both DIF and DEA are below the zero line, and the MACD histogram is negative, suggesting bearish momentum dominates, but there are signs of decreasing volume.

RSI: The 15-minute RSI is at 41.69, approaching the oversold zone, indicating a potential short-term rebound demand.

EMA: In the 15-minute cycle, the price has broken below EMA7, EMA30, and EMA120, showing overall weakness; however, the current price is close to EMA7, providing some support.

At 07:00 today, a large volume bearish candle appeared, with trading volume significantly increasing, followed by a phase of decreasing volume adjustment.

Currently, trading volume is subdued, and market sentiment is cautious.
ETH-3.07%
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