#CryptoTrading. #Signal🚥.

📊Technical Analysis (1 hour) $LDO /USDT

1. Price and Trend:

• The price has risen from around 0.9891 to 1.1363, indicating an uptrend. Recent candles show a steady rise with a volume of 4,793,844,000.

• The movement of the upper moving average (MA) 5 and 10 results in the strength of the bullish momentum.

2. Bollinger Bands (20, 2):

• The price is approaching the upper limit (1.1576), which may signal overbought conditions. The lower limit (0.8901) will serve as support in the event of a correction.

3. MACD:

• MACD (0.0094) is positive and high, confirming the uptrend. DIF (0.0476) and DEA (0.0382) also show bullish momentum, although the divergence is small.

4. Stochastic RSI:

• The values of 96.4517 and 94.6876 indicate overbought conditions, which may indicate a possible correction or consolidation.

5. Volume:

• The increase in volume accompanies the price movement, which reinforces the trend. The peak of volume falls on a period of strong growth.

⚠️Conclusion: The current trend is up, but the Stochastic RSI indicators indicate overbought conditions, which may signal a possible correction to the support level near 1.029 or below. It is recommended to monitor the volume and behavior near the price of the upper Bollinger band to confirm further movement.