#CryptoTrading.
📊Technical analysis (1 hour ) $PROMPT /USDT
1. Price and trend
• Current price: 0.1798 USDT (+50.71% per day).
• Strong uptrend after breaking the level of 0.1111 (where the minimum was).
• There is a current local maximum of 0.1814, now the price has slightly rolled down.
2. Bollinger Bands: the price is at the upper limit (0.1788), which signals overbought and a possible pullback.
• MA(5) and MA(10): short moving averages have grown sharply, the trend is positive, but overextended.
3. MACD: positive (DIF > DEA), the trend is up, but the histogram is reducing the growth rate → there may be a signal for weakening.
4. Stoch RSI (82.66/88.61): overbought zone, possible pullback or consolidation.
5. Volumes (Vol): a sharp increase in volume activity confirms the strength of the movement, but also indicates the likelihood of a correction after the peak.
6. Open Interest (OI)
• OI has increased sharply → many new positions have been opened, which can cause strong movements (both towards continued growth and in case of liquidation during a fall).
⚠️Conclusions:
• The trend is now strong upward, but:
• Indicators show overbought.
• There is a risk of correction in the 0.152–0.168 zone (middle of the movement).
• If buyers hold the level above 0.168, then a new test and a breakdown of 0.1814 → 0.185 → 0.20 USDT are possible.
• If the volume decreases and the price consolidates below 0.168, then a deeper pullback in the 0.135–0.152 section can be expected.
📉 Short-term (1–4 years): high probability of correction or consolidation.
📈 Medium-term (day+): uptrend, potential for movement to 0.20+, but after a pullback.