2026-01-31 00:04:10

$PI The chart below is a 4-hour candlestick chart. A shorter time frame is not very meaningful for research. From the candlestick chart, we can see that the overall trend is still downward, but looking at the MACD, the third golden cross below the 0 axis generally has a higher probability. Since it is below the 0 axis, that is, underwater, we can consider it a rebound within a downtrend. If the MACD is above the 0 axis, especially if a secondary golden cross forms on the daily chart, it is generally a good time to buy. Currently, the trend is unclear, so it’s best to stay on the sidelines and wait.

PI-2.3%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

6 Likes

Reward
6
2
Repost
Share

Comment

0/400

WallStreetTrendResearch

· 15h ago

Did you see that it hasn't stabilized above the 5-day moving average, which is at $0.17? Will it continue to move upward?

View OriginalReply0

WallStreetTrendResearch

· 15h ago

Yesterday, it was mentioned that the daily line and the 5-day line are at the $0.17 level, where a pullback occurs upon encountering resistance. Only when the 5-day line stabilizes at the $0.17 level can an upward attack be possible. The 5-day line is known as the attack line, leading other moving averages to move upward. Just like in warfare, if the vanguard cannot even breach the city wall, then the main force behind will not proceed with the attack.

View OriginalReply0