#CryptoTrading.

📊 Technical analysis (1 hour) $PSG /USDT

1. Price and trend:

• Current price: 1,759 USDT (+6.16% per day).

• The graph shows an upward trend with a noticeable increase in recent hours. The last candle pattern indicates a strong bullish movement.

2. Moving Average (MA):

• MA (5): 209.846.66 - short-term average supports upward movement.

• MA (10): 117.068.98 - also confirms the trend, although the difference between MA5 and MA10 indicates acceleration of growth.

• The price is above both averages, which is a bullish signal.

3. Bollinger Bands (20, 2):

• Upper line (up): 1.729, middle (MB): 1.675, lower (DN): 1.621.

• The price broke the upper limit of Bollinger (1.759 > 1.729), which may indicate overbought or continued trends with a strong volume.

4. MACD:

• DIF: 0.014, DEA: 0.006, MACD: 0.008.

• The positive value of the MACD with the discrepancy between DIF and DEA indicates a bullish moment, but the proximity to zero may indicate a possible correction.

5. Stochastic RSI:

• StochRSI: 94.313, MastochRSI: 72.987.

• High values (> 80) indicate overbought, which may warn of possible bounce or correction.

6. Volume (Volume): • Current volume: 167 751.92 - a significant increase in volume accompanies the upward movement, which confirms the strength of the trend.

⚠️ Conclusion:

• Positive scenario: upward trend, volume supports movement, price pierced top Bollinger. It is possible to continue growth with the support of the volume.

• Negative scenario: overbought (Stochastic RSI > 90) and going beyond Bollinger can signal correction to level 1.729 (UP) or 1.675 (MB).

• Recommendation: Observe the volume and level of support about 1.729. If the volume falls, you should expect correction.