Daily Analysis (9/20) Today is the notorious SQ! Is it time for a temporary halt?
* Since the analysis is based on a 1-hour timeframe, there is a possibility of significant volatility from here. This is being considered as one reference point.
Fundamental analysis.
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Technical analysis (Rating: 2.12/5)
Summary: There is room for a decline after a temporary pause from the rapid rise, and it is likely to fall to around 62,000 after completing the double top chart pattern. Also, be cautious if the MDI/ADX of DMI shows a rapid rise.
- Chart Patterns: After a once-off decline from the symmetrical triangle on 9/18, there was a sharp rebound. Following that on 9/19, it continued to ride the upward range. However, around 22:00, a long bearish candlestick formed, indicating a potential double top formation. →If a double top pattern is formed, there is room for a decline to 62,000. However, the mid-term outlook is upward (2/5).
- Moving Averages: Around 6:00 on 9/18, a golden cross occurred with the 5/21-day moving average. Subsequently, despite entering an upward trending market, no dead cross has been observed. →However, it seems that a dead cross will occur after 22:00 on 5/21 moving average line.(2/5)
- After the golden cross of the 5/21-day moving average of the DMI on 9/18, the ADX rose sharply, but it has been sideways to downward since 19. PDI/MDI crossed at 22:00 on 9/20→⭐︎If the ADX is expected to cross upwards later, please be cautious (1/5)
- RSI x MACD: RSI rose from the golden cross of the 5/21 moving average line on 9/18, reaching overbought levels near 60-70. However, a sharp decline occurred around 45 after 22:00. MACD also had a golden cross similar to RSI timing. However, a dead cross occurred around 12:00 on 9/19, followed by a gradual decline. (1/5)After the 5/21 moving average line on 9/18, it rose to overbought levels around 60-70. However, there was a sharp drop back to around 45 after 22:00. MACD also had a golden cross at a similar time as RSI. However, a dead cross occurred around 12:00 on 9/19, followed by a gradual decline.However, after 22:00, there was a sharp drop to around 45. MACD also had a golden cross at a similar time as RSI. However, a dead cross occurred around 12:00 on 9/19, followed by a gradual decline. (1/5)
Historical Volatility: After the increase on 9/18, it gradually decreases and becomes range-bound (2.5/5).
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ぴるさん OP : I wanted to put it out a little earlier, but was it too late![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
But I think it's totally healthy, it's SQ day