#CryptoTrading. #Signalš„.
šTechnical Analysis (1 hour) $TRUMP /USDT
1. Price and Trend: The current price is 11.483 USDT with an increase of +11.00%. The chart shows a strong uptrend with a recent significant price jump, indicating high buyer activity.
2. Moving Averages (MAs):
ā¢ MA(5): 5.844 (short-term trend) shows a sharp increase.
ā¢ MA(10): 4.289 (medium-term trend) also confirms the upward movement.
ā¢ The price is well above both MAs, indicating a strong bullish trend.
3. Bollinger Bands (20, 2):
ā¢ Upper Band (UP): 11.498, Middle Band (MB): 10.870, Lower Band (DN): 10.243.
ā¢ The price was approaching the upper band, which may signal overbought or a possible correction.
4. MACD:
ā¢ DIF: 0.260, DEA: 0.188, MACD: 0.072.
ā¢ A positive MACD value and an increase in DIF above DEA indicate continued bullish momentum, although the divergence is small.
5. Stochastic RSI:
ā¢ STOCHRSI: 92.578, MASTOCHRSI: 93.438.
ā¢ Very high values (>80) signal overbought, which may exceed a correction or reversal.
6. Volume: A significant increase in volume (9.313 million) accompanies the price jump, confirming the strength of the movement.
ā ļøConclusion: The current trend is up with strong buyer support, but high Stochastic RSI values and approaching the upper Bollinger band may trigger a possible correction in the near future. It is recommended to watch for flat resistance near 11.498 and support near 10.870.
