#CryptoTrading.
šTechnical analysis (1 hour) $BB USDT
1. Price
⢠Current: 0.13338 USDT
⢠High of the last wave: 0.14352 USDT
⢠There is now a correction after a sharp increase.
2. Bollinger Bands (20,2)
⢠Upper limit: 0.13871
⢠Average: 0.12935
⢠Lower: 0.12000
The price tested the upper limit and bounced down, that is, there is local overbought.
3. MACD
⢠DIF: 0.00312, DEA: 0.00272, the histogram is positive.
The trend is still up, but the momentum is weakening (the lines are converging).
4. StochRSI
⢠Current value: 41.26
⢠Previously in the overbought zone and is now falling.
There is a signal for correction.
5. Volume
⢠A surge in growth to 0.1435, after which the volume decreased.
This looks like a local peak.
6. Open Interest (OI)
⢠67.9M ā stable, not falling sharply.
That is, traders are still holding positions, there are no mass liquidations.
ā ļøConclusion
⢠A correction is now underway after a strong growth.
⢠If the price holds above 0.129ā0.130, then another upward impulse is possible.
⢠If 0.129 is broken down, the next zone is 0.1268 ā 0.1200.
⢠MACD is still holding an uptrend, but StochRSI is signaling cooling.
šSupport and resistance levels
⢠Resistance: 0.1387 (upper Bollinger) and 0.1435 (local maximum).
⢠Support: 0.1293 (average Bollinger), then 0.1268 and 0.1200.