#CryptoTrading. 📊Technical Analysis (1 hour)
$TREE /USDT
1. Price and Trend:
• Current price: 0.5187 USDT, down 14.80% over the period.
• The chart shows a sharp price drop from ~1.32 to 0.5187, indicating a strong bearish trend (downtrend). There are signs of a possible stabilization at the current level.
2. Weighted Moving Averages (MA):
• MA(5): 20.428 935 (short-term trend).
• MA(10): 19.600 718 (medium-term trend).
• Both MAs are declining, confirming the bearish trend. The price is below the MA, which is a sell signal.
3. Bollinger Bands (20, 2):
• Upper Band (UP): 0.5712.
• Middle Band (MB): 0.5376.
• Lower Band (DN): 0.5039.
• The price is close to the lower boundary (0.5187), which may indicate oversold or a possible rebound.
4. MACD:
• DIF: -0.0313, DEA: -0.0378, MACD: 0.0066.
• The MACD is close to zero, but still in the negative zone, which supports the bearish trend. However, a small increase in the MACD may hint at a weak recovery.
5. Stochastic RSI:
• STOCHRSI: 34.3024, MASTOCHRSI: 48.5944.
• The value is below 50, which indicates potential oversold. A rise in the STOCHRSI may signal a possible upward reversal.
6. Volume:
• Current volume: 3,594,764 (in units, probably thousands).
• The increase in volume during the price drop confirms aggressive selling.
⚠️Conclusion: Currently, the TREEUSDT market is in a bearish trend with signs of oversold. A rebound to the level of 0.57 (upper Bollinger Band) or consolidation near the current price is possible. It is recommended to monitor the volumes and price behavior relative to the MA and Bollinger Bands for a more accurate forecast.