🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
Brain challenge, guess and win rewards!
5 lucky users with the correct answers will share $50 GT! 💰
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📅 Ends at 16:00, Sep 17 (UTC)
From the daily chart, it was originally estimated that there would be a temporary upward movement to lure more before starting to fall again. However, after failing to break the high point, the candlestick closed with a bearish tone, and this continued at the opening today. The Bollinger Bands narrowed and began to move sideways, breaking through the short-term moving average. The MACD fast and slow lines turned again, and the volume bar turned green with a slight increase in volume. The KDJ turned downward to form a cross, and the VR index consolidated near the value of 40. Looking at the 4-hour chart, the market tested the lower support, and the Bollinger Bands showed a slight opening, with the moving average running around the middle band. The short-term moving average turned downward, and the MACD fast and slow lines crossed downward, with the fast line breaking below the 0 axis and the volume bar continuing to increase. Overall, after the market broke through the upper border of the downward channel, it did not continue but returned to the channel. So, how to operate in the short term? It is recommended to follow the analysis in the live broadcast room for short-term operations.