$COAI Volume and Price Analysis, combined with the graphics + Black Horse Prince's volume theory to analyze the old leader.

First, the left side shows a bottom bearish candle, and the trading volume indicates a slight increase, so normally, it would continue to look bearish. However, the next day, a bullish candle appears. This bullish candle in volume theory is called a false bullish real bearish, so be very careful. The reason it is called false bullish real bearish is that the closing price did not cover the bearish candle.

We find that after the appearance of false bullish real bearish, it only produced one bearish candle afterward, but there was no significant drop. From yesterday to this morning at 8:00, another doji candle was formed. The meaning of the doji is that both bulls and bears have reached a temporary stalemate.

Overall, the main force is forming a U-shaped pattern. From the perspective of volume analysis, if the bearish candles do not break the bottom for three consecutive days, then this column has certain significance, called the Marshal Column. After the Marshal Column, the focus should be on the cycles of 1 day, 3 days, 5 days, and 7 days, as these are the periods for potential trend changes.

From the volume and price analysis, there has been a three-day period of shrinking volatility, so today it is expected that the main force will attempt to rally. Let’s see how heavy the selling pressure is! The key focus time is after 8:00 tomorrow morning to see if a daily level bullish candle appears. At that time, we will analyze further.