#CryptoTrading.

📊Technical analysis (1 hour) $PROVE /USDT

1. Bollinger Bands

• The price touches the upper limit (1.5963) and rolls back down.

• The middle line (MB) at 1.4205 is now holding as support.

• The upper band has bent down — a signal of a possible end to the short-term impulse.

2. Candlestick analysis

• There was a strong parabolic growth with a peak of 1.5998.

• The last few candles form a narrow sideband near 1.45–1.48 — the market has cooled down.

3. MACD

• The DIF (0.0887) and DEA (0.0985) lines have started to cross from the bottom up → the growth momentum is fading.

• The histogram is moving into the red zone — a signal of a possible correction.

4. Stoch RSI

• Current value: ~45 (middle zone) → no overbought, but no strong momentum either.

• Lines are crossing downwards — risk of continuing decline to the middle Bollinger band.

5. Volumes

• Volumes were growing during the momentum, but are now declining — interest in buying is decreasing.

• Open Interest is stable, but without new peaks.

⚠️Conclusion:

• Short-term: There are signs of correction after rapid growth. Support testing in the 1.42–1.38 zone is possible.

• Medium-term: If the average Bollinger (1.42) is held and buying volumes appear — a recovery to 1.55–1.60 is possible.

• Risks: MACD and Stoch RSI indicate cooling, so without confirmation from buyers, the market may go into a deeper correction.