#CryptoTrading. #TechnicalAnalysiss #Signal🚥.
📊Technical analysis (1 hour) $MOVE /USDT
$MOVE - Price: ~0.04307 USDT (+12.84% for the period) — strong impulse growth after a long sideways/downtrend.
• Bollinger Bands: The price broke the middle line (MB ~0.04093) upwards and approached the upper band (UP ~0.04610) — a sign of bullish momentum, continued growth is possible, but there is a risk of a pullback when touching the upper band.
• MACD: Positive (0.000023), DIF > DEA — bullish signal, the histogram is growing.
• Volume: High on the rise (110M+), confirming the strength of buyers.
• MA: MA(5) > MA(10) — short-term bullish trend.
• RSI: 55-60 (various periods) — neutral/moderately bullish, not overbought (far from 70+).
Overall conclusion: Short-term bullish trend with strong momentum after the breakdown. Possible continuation to 0.046-0.048, but watch for a pullback.
Signals:
🟢Buy (Long): Yes, at current levels or on a pullback to 0.040-0.041 (MB Bollinger support). Stop loss below 0.037-0.038. Target: 0.046-0.048.
🔴Sell (Short): Not yet — wait for signs of a reversal (pullback from the upper Bollinger, bearish divergence on RSI/MACD or a breakdown below MB). Short risk is high due to strong volume on the rise.