#CryptoTrading. #TechnicalAnalysiss #Signal🚥.
📊Technical Analysis (1 hour) $H /USDT
1. Price and Trend: The current price of 0.06524 USD shows a decline of 15.83%. The chart shows an upward movement to the level of around 0.08482, after which a sharp decline began. This may indicate a trend reversal or a strong corrective movement.
2. Bollinger Bands (20, 2): The price is approaching the lower limit (DN: 0.06162), which may signal oversold. If the price breaks this level, further decline is possible.
3. MACD: MACD (0.00019) is below the zero line, as well as below the signal line (DEA: -0.00191), which confirms the bearish (gloomy) trend. The divergence is weak, but indicates a continuation of the decline.
4. RSI (Stochastic RSI): The values of STOCHRSI (6.98932) and MASTOCHRSI (2.63516) indicate that the price is in the oversold zone, which may be a signal for a possible rebound if there is no strong selling pressure.
5. Volumes (VOL): Trading volume (26,625,986) increased, especially during the price drop, which confirms the activity of sellers. This may be a sign of the end of the downward momentum.
6. Moving Averages (MA): MA(5): 38,816,028 and MA(10): 31,509,504 show that the short-term average is crossing the long-term one downward, which is a bearish signal.
⚠️Conclusion: Currently, the trend is down, the price is in the oversold zone, but volumes and technical indicators (MACD, MA) support further decline. It is recommended to watch for a breakout of the lower Bollinger Bands or a bounce from it.
Buy signal: 🟢
Consider buying if the price bounces off the lower Bollinger Bands (0.06162) with confirmation of increasing volumes and RSI crossing above 30.
Sell signal: 🔴
Sell is recommended when the price breaks the lower Bollinger Bands (0.06162) with a subsequent decline or when the MACD returns above the zero line with a subsequent decline.