#CryptoTrading.
šTechnical Analysis (1 hour) $ILV /USDT
1. Price and Trend: The current price is 21,692 USD with an increase of +69.85%. The chart shows a strong uptrend, especially in recent periods, with a breakout above key resistance levels.
2. Bollinger Bands (20, 2): The price is close to the upper limit (UP: 23,749), which may indicate overbought conditions. The middle line (MB: 17,189) serves as support, and the lower line (DN: 10,629) is a potential rebound level.
3. Volume: The trading volume is 918,168.5 units, which indicates market activity. The increase in volume accompanies the upward movement, which supports the trend.
4. MA (Moving Averages): MA(5): 1,325,986.9 and MA(10): 1,386,723.0 show an uptrend as the short-term MA is above the long-term one.
5. MACD: DIF (2,260) is above DEA (1,798) and MACD (0,462) is positive, confirming the upward momentum.
6. Stochastic RSI: The value of 59,847 (MASTOCHRSI: 61,227) indicates a neutral zone, approaching overbought, but not yet reaching a critical level.
7. Open Interest (OI): OI: 55.2K and NV: 12.1M show an increase in open positions, which supports interest in the asset.
ā ļøConclusion: The asset is in a strong uptrend with signs of overbought. It is recommended to monitor the resistance level near 23.749 (upper Bollinger Band) and a possible corrective movement to 17.189 (middle line).