#CryptoTrading.
šTechnical Analysis (1 hour) $NOT /USDT
1. Price and Trend:
ā¢ Current Price: ~0.002287 USD.
ā¢ The chart shows a recent decline after a local peak (~0.002363 USD). The trend looks bearish in the short term, with a possibility of consolidation.
2. Bollinger Bands (20, 2):
ā¢ The price is approaching the lower limit (DN: 0.002185), which may indicate oversold conditions. The middle line (MB: 0.002264) serves as a support/resistance level.
3. Volume:
ā¢ Volume increased significantly during the decline (5.46M), which may indicate active selling. The moving average (MA(5): 242M) indicates a decrease in activity compared to the peak.
4. MACD:
ā¢ DIF (-0.000003) and DEA (-0.000009) are approaching a crossover, with a positive MACD (0.000006). This could signal a possible recovery, but the trend is still weak.
5. Stochastic RSI:
ā¢ STOCHRSI: 43.34, MASTOCHRSI: 40.78. Both are in the neutral zone, indicating no strong buy or sell signal. MASTOCHRSI growth could be an early sign of a recovery.
ā ļøConclusion:
ā¢ Short-term forecast: possible consolidation or weak recovery if the price holds above 0.002185. It is recommended to monitor the volumes and MACD crossover.
ā¢ Risk: further decline to 0.00214 if the selling volume increases.