#CryptoTrading.

📊Technical Analysis (1 hour) $CFX /USDT

1. Price and Trend: The current price is around 0.25934 USDT, indicating a significant increase after the previous drop to the level of around 0.18130. There is an upward trend with a sharp increase in trading volume (from 0.01919 to 14.6M).

2. Bollinger Bands (20, 2): The price is approaching the upper limit (UP: 0.27150), which may signal overbought conditions. The middle line (MB: 0.21081) serves as a support level, and the lower line (DN: 0.15011) is a potential rebound level.

3. MACD: The Differential (DIF: 0.01920) and the Signal Line (DEA: 0.01185) are above zero, and the Histogram (MACD: 0.00735) is positive, confirming the upward movement. However, the difference is small, which may indicate a possible correction.

4. Stochastic RSI: Both indicators (STOCHRSI: 95.51783, MASTOCHRSI: 98.50594) are in the overbought zone (>80), which may indicate a risk of reversal or consolidation.

5. Volumes: A sharp increase in trading volume (from 176,288,461 to a significant spike) accompanies the upward movement, which reinforces the strength of the trend.

⚠️Conclusion: The market currently looks overbought, with a high probability of correction to the support level (0.21081 or below). It is recommended to monitor the volumes and a possible breakdown of the upper Bollinger Bands to confirm the continuation of the trend.