#CryptoTrading. #Signal🚥.

📊Technical Analysis (1 hour) $ENA /USDT

1. Trend: The chart shows that the price has started to recover after a long decline. The latest candles indicate the possible formation of an uptrend, but it is not yet fixed.

2. Bollinger Bands (BB): The price is approaching the upper limit of BB (0.5039), which may signal overbought conditions. The middle line (MB: 0.4707) served as support during the decline.

3. MACD: The MACD lines (DIF and DEA) are diverging upwards, and the histogram shows positive values (0.0033). This indicates the strength of the upward momentum.

4. Stochastic RSI (STOCHRSI): The STOCHRSI value (68.0758) is approaching the overbought zone (>80), which may indicate a possible correction.

5. Volume: There is an increase in volume during the latest price increase, which supports the upward movement.

6. Support and resistance: The nearest support is 0.4421 (local low), resistance is 0.5106 (previous high).

⚠️Conclusion: The current movement looks like a correction after a decline with the potential for further growth, but overbought conditions (BB and STOCHRSI) may cause a pullback. It is recommended to monitor resistance levels and volume to confirm the trend.