#CryptoTrading. #TechnicalAnalysiss #Signal🚥.
📊Technical Analysis (1 hour) $LYN /USDT
$LYN price shows strong bullish momentum with +16.29% for the period (current price ~0.07219 USDT). The chart shows a recovery from the local bottom ~0.06007, with an upward breakout through the middle Bollinger Band (0.06712). Trading volume is high (377M), which confirms the strength of the movement. Volatility is moderate, the market is in an uptrend.
Key indicators:
• Bollinger Bands (20.2): Price touches the upper band (0.07519), signaling overbought, but without a reversal - potential for a rally to continue.
• MACD: DIF (0.00208) > DEA (0.00114), histogram is positive - bullish crossover, momentum on the side of buyers.
• RSI (6): 58.86 (neutral-bullish, not overbought). RSI (12): 61.00 — slightly overbought, but stable.
• Volume: Increasing, with MA (5) > MA (10) — support from buyers.
Conclusion: Bullish trend dominates, with potential to 0.075–0.08 USDT (upper Bollinger + resistance). Risk of correction due to overbought RSI.
Signals (on 15-min timeframe):
🟢Buy: Strong — enter at support 0.071 (average Bollinger), stop loss 0.070, take profit 0.075. Confirmation: volume breakout + MACD >0.
🔴Sell: Weak — only on reversal (RSI <50 or breakdown down 0.067). Take profit 0.068, stop loss 0.073. Not recommended now, trend is up.