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- 📢 Gate Square #Creator Campaign Phase 2# is officially live!
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- 📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
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1️⃣ Research the MBG project
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Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
Candlestick Pattern:
The recent K-line shows a clear trend of oscillating downward, especially the large yin lines on June 11th and June 13th.
There was a slight rebound on June 14th, but it failed to break the previous high.
Technical indicators:
MACD: Both the DIF and DEA are below the zero axis, and the MACD histogram is negative, indicating a bearish market. Although there are some signs of divergence, there is no clear bullish signal yet.
RSI: RSI value is around 45, close to the oversold zone, but it has not entered the extreme oversold state. There may be a technical rebound in the short term.
EMA: The price is currently below EMA7 (3576.8) and EMA30 (3581.7), and significantly lower than EMA120 (3266.8), indicating an overall bearish trend.
Trading Volume:
During the period from June 12th to June 14th, the trading volume significantly increased, indicating heavy selling pressure in the market.
The trading volume on June 14 decreased, which may indicate a weakening of selling pressure in the short term, and a technical rebound is expected to occur.