Concubine Early Trading Technical Analysis



Recently, the price has been fluctuating within the 2085-2148 range, showing a downward correction from high levels.

The daily K-line indicates that the upper shadows have been long for several consecutive days, suggesting strong selling pressure above.

MACD: In the 15-minute cycle, both DIF and DEA are diverging downward, indicating that the short-term bearish trend is dominant; the hourly MACD green bars are enlarging, showing a weak trend.

RSI: The 15-minute RSI is at 47, not yet in the oversold zone, but has already pulled back from high levels; the hourly RSI is gradually declining toward 50, indicating weakening momentum.

EMA: The current price has broken below EMA7 (2110) and is approaching EMA30 (2106); EMA120 support is around 2086, and it is necessary to watch whether this support holds.

Short-term trading volume has decreased, reflecting increased market caution.

During the hourly cycle, volume increased with a sharp rise followed by a pullback, indicating significant resistance above.
ETH-0.11%
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