#CryptoTrading.

📊Technical Analysis (1 hour) $AVAX /USDT

1. Price and Moving Average (MA):

• Current price: ~24.33 USD.

• MA(5): 194,376.57 (short-term) and MA(10): 195,133.15 (medium-term) show a downtrend as the price is below these levels.

• This may indicate a short-term bearish trend.

2. Bollinger Bands (20, 2):

• Upper band (UP): 24.42, Middle band (MB): 23.37, Lower band (DN): 22.32.

• Price is approaching the upper band, which may signal a possible correction or resistance at 24.42.

3. Volume (Volume):

• Volume: 220,951.23, which is significant. The latest volume surge is accompanied by a price increase, which may indicate a buy.

4. MACD:

• DIF: 0.20, DEA: 0.03, MACD: 0.17 (positive).

• A positive MACD with a rise could indicate a potential bullish signal if the DIF line continues to cross DEA upwards.

5. Stochastic RSI:

• STOCHRSI: 99.55, MASTOCHRSI: 99.70.

• High values (>80) indicate overbought conditions, which may warn of a possible price decline.

⚠️Conclusion:

• The short-term trend looks bullish due to the price increase and positive MACD, but the overbought Stochastic RSI and the approach to the upper Bollinger Bands indicate a risk of correction.

• Resistance levels: 24.42 (upper Bollinger), support: 22.32 (lower Bollinger).

• It is recommended to monitor the volumes and a possible MACD reversal to confirm the trend.