#CryptoTrading.
đTechnical Analysis (1 hour) $HAEDAL /USDT
1. Price and Trend:
⢠Current Price: ~0.168116 USDT.
⢠The chart shows a recent sharp price increase from the level of ~0.120587, indicating strong bullish momentum. However, the last candlestick shows a decline, which may signal a possible correction.
2. Bollinger Bands (20, 2):
⢠The price has approached the upper limit (UP: 0.160182), which may indicate overbought conditions. The middle line (MB: 0.142663) serves as support, and the lower line (DN: 0.125144) is a potential rebound level.
3. Moving Averages (MA):
⢠MA(5): 82.144768 (short-term), MA(10): 51.704604 â both show growth, confirming the bullish trend. The price is above the MA, which is a positive signal.
4. MACD:
⢠DIF: 0.005516, DEA: 0.004928, MACD: 0.000588 â a positive MACD value indicates the continuation of bullish momentum, although the difference is small, which may signal a weakening of the momentum.
5. Stochastic RSI:
⢠STOCHRSI: 41.774472, MASTOCHRSI: 57.784240 â the indicators are in the neutral zone, which does not give a clear signal to buy or sell. The convergence of the lines may indicate a possible consolidation.
6. Volumes:
⢠Volumes (Vol) increased to 47.024872 million, which supports the recent price increase. Increasing volume during the increase is a positive sign.
â ď¸Conclusion:
⢠The current trend is bullish, but the risk of correction is high due to the approach to the upper Bollinger Bands and weak momentum on the MACD.
⢠It is recommended to monitor the support level ~0.142663 (Bollinger average) and volumes. If the price breaks down 0.125144, a full reversal is possible.
