#CryptoTrading. #TechnicalAnalysiss #SignalđĽ.
đTechnical Analysis (1 hour) $ASTER /USDT
1. Price and Trend:
⢠Current Price: 2.0855 USD (+12.83% in the last 24 hours).
⢠The chart shows a recent sharp price increase, which may indicate a strong bullish momentum. However, the overall trend looks corrective after the previous downtrend.
2. Moving Averages (MA):
⢠MA(5): 53,827,816 and MA(10): 64,156,397 show a short-term trend. A MA crossing may indicate a trend change, but accurate analysis requires comparison with the price.
3. Bollinger Bands (BOLL):
⢠Upper Band (UP): 2.1914, Middle Band (MB): 1.9899, ââLower Band (DN): 1.7884.
⢠The price is approaching the upper band, which may signal overbought conditions and a possible correction.
4. MACD:
⢠DIF: 0.0489, DEA: 0.0327, MACD: 0.0162.
⢠A positive MACD value indicates a bullish trend, but a small difference between the lines may indicate a weakening momentum.
5. RSI (Relative Strength Index):
⢠STOCHRSI: 85.6305 (MASTOCHRSI: 85.2445).
⢠A value above 70 indicates overbought conditions, which supports the idea of ââa possible correction in the near future.
6. Volumes (VOL):
⢠Trading volume increased to 27,074,105, which confirms market activity during the price increase.
â ď¸Conclusion:
⢠A short-term bullish trend with signs of overbought conditions (RSI, Bollinger Bands).
⢠Possible correction to 2.0 or below if volumes fall.
⢠It is recommended to monitor support (1.7479) and resistance (2.1914).
Buy signal: đ˘
⢠Condition: Price will bounce off the support level of 1.7479 with increasing volumes.
⢠Target: 2.1914 (upper Bollinger Band).
⢠Stop loss: 1.7000.
Sell signal: đ´
⢠Condition: Price will reach 2.1914 with signs of overbought (RSI > 85).
⢠Target: 1.9899 (middle Bollinger Band).
⢠Stop loss: 2.2500.