#CryptoTrading.

📊Technical Analysis (1 hour) $CFX /USDT

1. Price and Trend: The current price is 0.18264 USD with an increase of +7.70%. The chart shows a noticeable uptrend with the last candles closing higher, indicating bullish momentum.

2. Bollinger Bands (BOLL): Upper band (UP) at 0.19518, middle band (MB) - 0.18442, lower band (DN) - 0.17367. The price is approaching the upper band, which may indicate overbought or potential for a correction.

3. Moving Averages (MA): MA(5) at 60.1309979999 and MA(10) at 42.0093220000 show increasing volume, supporting the upward movement. The price is above the MA, which is a bullish signal.

4. MACD: DIF (0.00303) and DEA (0.00385) with a negative MACD (-0.00082) indicate a weak bullish crossover, but do not yet confirm a strong trend. It is necessary to monitor a possible divergence.

5. Stochastic RSI (STOCHRSI): The value of 52.85898 with MA STOCHRSI 62.82264 is in the neutral zone, which does not indicate overbought or oversold.

6. Volume: A significant surge in volumes (5.789827 million) accompanies the price increase, which confirms the strength of the bullish movement.

⚠️Conclusion: The current trend is bullish with the support of volumes and moving averages. However, approaching the upper Bollinger Bands may signal a possible correction. It is recommended to monitor MACD and STOCHRSI to confirm further movement.