November 27 Core Technical Indicators: The daily chart MACD has formed a golden cross and the red bars continue to expand, releasing bullish signals, but the DIF value is still below the zero axis at -214, indicating that mid-term upward momentum needs to be repaired; the hourly chart MACD has shown the early signs of a high-level death cross, suggesting a high probability of a small adjustment in the short term. The RSI indicator has rebounded from the oversold area, indicating that the market's bearish momentum is gradually weakening. In terms of moving averages, the EMA7 has crossed above the EMA30 forming a short-term long position arrangement, but there is about an 18% divergence between the price and the 120-day moving average, which may exert a pullback effect on the price in the medium to long term.
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November 27 Core Technical Indicators: The daily chart MACD has formed a golden cross and the red bars continue to expand, releasing bullish signals, but the DIF value is still below the zero axis at -214, indicating that mid-term upward momentum needs to be repaired; the hourly chart MACD has shown the early signs of a high-level death cross, suggesting a high probability of a small adjustment in the short term. The RSI indicator has rebounded from the oversold area, indicating that the market's bearish momentum is gradually weakening. In terms of moving averages, the EMA7 has crossed above the EMA30 forming a short-term long position arrangement, but there is about an 18% divergence between the price and the 120-day moving average, which may exert a pullback effect on the price in the medium to long term.
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