Technical Analysis: USDC/USDT on Binance [1D] - June 18
shows a moderate bullish trend with mixed signals. Although the indicators suggest positive momentum, there are warnings of overbought conditions and bearish divergence that could indicate a potential correction.
📈 Price & Volatility
- 💰 Current Price: 1.000 USDT
- 🔥 Average Volatility: 0.04% (low, typical of stablecoins)
- 📊 Volume: 840.67M USDC (high liquidity)
🔹
The price remains stable (as expected in stablecoin pairs), but the high volume suggests significant activity.
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📊 Indicators
1. ⚪ RSI(14): 53.70
- Neutral, but close to overbought zone (70).
- 🐻 Bearish Divergence: Signal of possible reversal.
2. ⚠ CCI(14): 117.34 (Overbought)
- Confirmation of extreme bullish pressure.
3. ⚠ Bollinger Bands (20,2): Price near upper band
- Upcoming resistance; possible pullback.
4. ❇ SMA(50): Price above
- Bullish bias on a broad time frame.
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🚀 Momentum
- ❇ MOM(10): Positive → Bullish momentum.
- ❇ MACD: Bullish crossover → Confirmation of impulse.
- ❇ ADX: Weak trend (lacking sustained strength).
- ❇ Parabolic SAR: Bullish → Dynamic support.
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⚠ Alert Signals
- Overbought (CCI + RSI near 70).
- Bearish divergence in RSI → Risk of correction.
- TD Sequential: "2 Up" → Wait for confirmation of count (if it reaches 9, possible exhaustion).
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🔮
- Short Term: Neutral/bearish due to overbought signals.
- Medium Term: Bullish if it remains above SMA(50) and MACD is positive.
- Action:
- 🔍 Monitor RSI and CCI to avoid entries in overbought.
- 🎯 If the price touches the upper BB band, consider taking profits.
- 🛑 Stop-loss below SMA(50) or 0.9995 USDT.
📢 Note:
In stablecoin pairs, fluctuations are minimal.
Remember:
Cryptocurrency trading carries a high risk. (DYOR)
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vc_custy
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