On the daily chart, after the price tested the upper band and faced resistance, it pulled back. The upper band resistance is prominent, and the KDJ indicator's three lines are in the overbought zone with signs of turning downward. Short-term correction pressure is increasing. Although the MACD red histogram has not yet decreased in size, there are signs of divergence between the price and the indicator, indicating a potential top. Overall, the daily momentum is weakening, but the initial strength continues to accumulate.
Second Brother's levels: 3185, short at around 3240, with targets at 3100 and 3030.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Thursday, Week 1.8: Second Brother Analysis
On the daily chart, after the price tested the upper band and faced resistance, it pulled back. The upper band resistance is prominent, and the KDJ indicator's three lines are in the overbought zone with signs of turning downward. Short-term correction pressure is increasing. Although the MACD red histogram has not yet decreased in size, there are signs of divergence between the price and the indicator, indicating a potential top. Overall, the daily momentum is weakening, but the initial strength continues to accumulate.
Second Brother's levels: 3185, short at around 3240, with targets at 3100 and 3030.