#CryptoTrading.
đTechnical Analysis (1 hour) $ZKJ /USDT
1. Price and Trend:
⢠Current Price: ~0.2949 USDT.
⢠The chart shows a sharp increase in price from the level of ~0.15 USDT, indicating a strong bullish trend in the short term.
2. Bollinger Bands (20, 2):
⢠Upper Bound (UP): 0.2903, Middle (MB): 0.1980, Lower (DN): 0.1057.
⢠The price is approaching the upper bound, which may indicate overbought or a possible correction.
3. Volume:
⢠Trading Volume: 103,803,398.5999, which is significant and supports the current upward price movement.
4. Moving Averages (MA):
⢠MA(5): 159 064 732.5999, MA(10): 81 543 308.7199.
⢠Short-term MA is above long-term, confirming bullish trend.
5. MACD:
⢠DIF: 0.0295, DEA: 0.0167, MACD: 0.0128.
⢠Positive MACD and rising DIF above DEA indicate continuation of bullish momentum.
6. Stochastic RSI:
⢠%K: 77.8400, %D: 87.6114.
⢠Both indicators are high, which may signal overbought conditions, with a potential reversal in the near future.
â ď¸Conclusion: The current trend is bullish, but high Stochastic RSI values and approaching the upper Bollinger Bands may indicate a possible correction. It is recommended to monitor the volumes and the support level around 0.24-0.25 USDT.
