#cryptotradingpro #analises #MyCOSTrade
📉 Technical analysis:
1️⃣ Bollinger Bands and price:
• Price is slightly below the middle Bollinger Band (MB: $2,561.86), which signals a flat or indecisive market.
• The upper limit (UP: $2,673.15) is still unreachable without a new catalyst.
• Previous high: $2,788.00 — may serve as a resistance zone.
2️⃣ MACD:
• MACD: -32.07 — is below zero, but close to a potential crossover.
• A possible uptrend if momentum and volume emerge.
3️⃣ RSI:
• RSI(6): 49.08 — neutral, the market is balancing between weakness and a possible recovery.
• RSI(12): 57.30, RSI(24): 59.68 — gradual approach to the overbought zone, but without a confirmed reversal yet.
4️⃣ Volume:
• Decreasing volume (Vol: ~352 million) may indicate a loss of momentum or a period of accumulation.
• Buyers need to be more active to break through to $2,600+.
⸻
🧠 Trader's tip:
📌 Carefully monitor the breakdown of the Bollinger Bands and the subsequent dynamics of the RSI.
📈 A break above $2,565 may trigger an increase to $2,673–2,700.
⏳ Otherwise, a flat or pullback to support at $2,450 is expected.