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Daily level analysis:
1. In the moving average market, it is clearly not feasible for the price of the currency to fall horizontally to MA120, so there will definitely be a direction in August. As for the direction, we will discuss it after the market makers appear; Looking at MA120 for upward expectations, downward indicates a downward trend;
2. Within the Boll trend, the coin price has recovered near the mid track this week, but there has been no further movement. The oscillation range has lasted for 20 days, and now both long and short positions are in a dead end; Today Boll has once again shrunk its position, entering an extreme narrow range oscillation, so after the market compression, it will be completely released;
3. In the range of quantitative energy, VR was supposed to transition steadily from a downward divergence to a turnover market, but the sideways trend in the past two days has given rise to a clear bullish trend, once again turning into a bearish range; The continuous sideways trend of OBV, without any action from the market makers, makes it impossible to distinguish the current trend;
4. In the trend of potential energy, RSI and MFI continue to be sideways, while CCI is slowly exploring and approaching the zero axis. However, it is necessary for the coin price to open the oscillation range before making an upward move;
5. Within the current balanced trend, this week is the turning point, and we don't need to panic too much. If the coin price breaks through within this point, it will continue to fluctuate upwards (the late band has not yet broken through, so we cannot start the upward trend);
Overall: The daily chart is still fluctuating, but the turning point has been reached this week. The market is still compressing, and the bullets have been loaded. We are waiting for the sound of the charging horn!
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Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.
