Analysis of multi-period K-line of PIPPIN: It has hit short term pressure and should reduce position to take profit and not increase the position at this time.
1. Evaluate pressure level sensor
1. 15-minute line: The current price is 0.469214, touching the upper Bollinger band at 0.460260 and reaching a short term high of 0.471480, this is an effective touch and the price has been within the 15-minute pressure range; 2. 1-hour chart: Price 0.469436 approaches the upper Bollinger band at 0.456039, while also touching the previous minor high at 0.471480 and the pressure level characteristics are clear; 3. 4-hour chart: Price 0.468700 is close to the upper Bollinger band at 0.469919, just a step away from the pressure level and short term upward space is limited; 4. Daily line: Although it hasn't touched the upper Bollinger band at 0.494719, the current price has broken through the short-term moving average support and is within the high range of the daily level.
In summary, PIPPIN has reached an important short term pressure level of 15 minutes / 1 hour and the 4-hour line is also approaching pressure, and the momentum will continue to increase significantly.
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Analysis of multi-period K-line of PIPPIN: It has hit short term pressure and should reduce position to take profit and not increase the position at this time.
1. Evaluate pressure level sensor
1. 15-minute line: The current price is 0.469214, touching the upper Bollinger band at 0.460260 and reaching a short term high of 0.471480, this is an effective touch and the price has been within the 15-minute pressure range;
2. 1-hour chart: Price 0.469436 approaches the upper Bollinger band at 0.456039, while also touching the previous minor high at 0.471480 and the pressure level characteristics are clear;
3. 4-hour chart: Price 0.468700 is close to the upper Bollinger band at 0.469919, just a step away from the pressure level and short term upward space is limited;
4. Daily line: Although it hasn't touched the upper Bollinger band at 0.494719, the current price has broken through the short-term moving average support and is within the high range of the daily level.
In summary, PIPPIN has reached an important short term pressure level of 15 minutes / 1 hour and the 4-hour line is also approaching pressure, and the momentum will continue to increase significantly.