#CryptoTrading.
šTechnical Analysis (1 hour) $A2Z /USDT
1. Candlestick chart and trend:
ā¢ The price has recently shown a sharp increase after a period of consolidation, approaching the upper Bollinger band (0.005681). This may indicate potential overbought conditions.
ā¢ The increase is accompanied by increasing volumes (peak at 4,018,410,265), which confirms the strength of the move.
2. Moving averages (MA):
ā¢ MA(5): 6,176,825,240 and MA(10): 3,535,756,726 show an increase, but the short-term MA is above the long-term one, which supports the bullish trend.
3. MACD:
ā¢ DIF (0.000223) is slightly above DEA, and the MACD histogram is showing a positive value. This signals a bullish momentum, but a weak one, since the difference is small.
4. Stochastic RSI:
ā¢ A value of 1.52 (with N.V. 8.87) indicates that the indicator is in the overbought zone. This may warn of a possible correction.
ā ļøConclusion: The current trend is bullish, but the risk of overbought is high. It is recommended to monitor the resistance level (0.005681) and a possible reversal if the Stochastic RSI continues to rise or the volumes fall.