#CryptoTrading.
šTechnical Analysis (1 hour) $HFT /USDT
1. Price and Trend:
ā¢ Current Price: ~0.11414 USDT.
ā¢ There is a strong uptrend, especially visible on the daily chart, with a noticeable increase from the level of ~0.07165 to 0.11414 in recent days.
ā¢ Price movement was approaching the upper Bollinger Band (BOLL: 0.11817), which may indicate overbought conditions.
2. Volume:
ā¢ Trading Volume (Vol) increased to 340,025,714.0000, which supports the upward movement. The increase in volume confirms the strength of the trend.
3. Moving Averages (MA):
ā¢ MA(5): 209 309 304.1999 and MA(10): 131 197 613.7000 are showing higher movement, confirming the positive trend.
4. Indicators:
ā¢ MACD: DIF (0.00961) exceeds DEA (0.00631) and MACD histogram (0.00330) is rising, signaling bullish momentum.
ā¢ Stochastic RSI: STOCHRSI (83.68454) and MASTOCHRSI (93.47837) are in the overbought zone (>80), which may indicate a possible correction.
5. Support and Resistance Levels:
ā¢ Support: ~0.10849 (recent local low).
ā¢ Resistance: ~0.11817 (upper Bollinger band).
ā ļøConclusion: The chart shows a strong uptrend with signs of overbought conditions. It is recommended to watch the resistance level of 0.11817 - a break of this level may continue the growth, while a pullback to 0.10849 is possible in case of correction.
