AE latest trend observation

In the past few days, the price has fluctuated within different cycles and is now gradually stabilizing. In the short term, the pressure in the area of 3035 to 3050 is still quite evident.

Looking at the daily chart, the bottom shows a slight upward trend, and the lower shadow is quite long, indicating that there is indeed buying support at the lower levels.

The MACD here is quite interesting—on the 1-hour chart, it is still in a weak downward trend, but the DIF is converging towards the DEA, showing signs of convergence; on the daily chart, it has bounced back from an extremely low point and is in a converging state.

In terms of RSI, the 1-hour is stable and slightly bullish around 54, while the 1-day is close to the mid-axis level of 48, and there are currently no obvious signals of overbought or oversold.

Looking at the EMA again, the 1-hour EMA7 is running close to the current price, providing short-term support at the 3015 position; the EMA30 is about to flatten out, while the EMA120 is still relatively far from the price. Overall, the previous bearish momentum is gradually weakening.

The trading volume has noticeably decreased, and the profit-taking after the big surge is reducing, indicating that the selling pressure is insufficient. However, there hasn't been a continuous increase in volume on the daily chart, which may lead to a lack of strong upward momentum support in the future.