#CryptoTrading. #Signalš„.
šTechnical Analysis (1 hour) $EPIC /USDT
1. Price and Trend:
ā¢ Current Price: 2.5634 USD (+43.43%).
ā¢ The chart shows an uptrend from a local low (around 1.7190) to current levels. This indicates strong bullish momentum.
ā¢ Bollinger Bands (BB): Price is approaching the upper limit (2.4430), which may indicate overbought or a possible correction.
2. Volume:
ā¢ Volume is increasing along with price, which confirms the strength of the trend. The peak of volume (15,007,925.6999) coincides with a period of active growth.
3. MACD:
ā¢ MACD: 0.0743 (DIF: 0.1377, DEA: 0.0633). The positive value and rising MACD indicate bullish momentum, but the divergence between DIF and DEA is narrowing, which may signal weakening momentum.
4. Stochastic RSI:
ā¢ STOCHRSI: 95.3927 (overbought), MASTOCHRSI: 96.4823. High values indicate that the asset may be overbought and a downward correction is possible.
ā ļøConclusion: The short-term trend is bullish, but the high values of Stochastic RSI and the approach to the upper Bollinger Band hint at a possible correction. It is recommended to monitor the support level near 2.0844 and volumes to confirm further movement.