#CryptoTrading. #SignalđĽ.
đTechnical Analysis $PENGU /USD (1 hour)
1. Price and Trend:
⢠The current price is 0.013254 USD with an increase of +10.74% (green color indicates positive dynamics).
⢠The chart shows a clear upward trend, confirmed by the price movement above the moving averages (MA5, MA10, MA20) and the price growth in recent periods.
2. Moving Averages (MA):
⢠MA5 (short-term) and MA10 are below the current price, which supports the bullish mood.
⢠MA20 (long-term) also shows an upward movement, but is closer to the resistance level of 0.01437, which may indicate a possible slowdown in growth.
3. Bollinger Bands (BOLL):
⢠The price is approaching the upper limit of the Bollinger Bands (UP: 0.01417), which may signal overbought conditions and a potential correction. The middle line (MB: 0.01399) serves as support.
4. MACD:
⢠The MACD line (purple) is above the signal line (yellow) and the histogram is showing a positive value (DIF: 0.000385, DEA: 0.000510, MACD: -0.000125). This confirms the bullish trend, although the divergence is decreasing, which may warn of weakening momentum.
5. Stochastic RSI (STOCHRSI):
⢠The STOCHRSI is showing values ââof 8.18136 (fast) and 12.51336 (slow), indicating an approach to the overbought zone (above 80). This may be a signal for a possible reversal or correction.
6. Volume:
⢠Trading volumes (OI: 2.98B, OI.NV: 39.5M) are showing an increase, supporting the current upward movement. The green volume bars on the chart confirm the buying activity.
â ď¸Conclusion:
Currently, PENGU/USD is in an uptrend with strong support from the moving averages and increasing volumes. However, the approach to the upper limit of the Bollinger Bands and high values ââof the Stochastic RSI may indicate a risk of correction. It is recommended to watch the resistance level of 0.01437 and the support level of 0.01399.