ACA/USDT - 1 Hour
• Current Price: 0.1123 USDT, up +88.74% in the last 24 hours.
• Volatility: High 0.1197 USDT, Low 0.0593 USDT in 24 hours.
Technical Analysis:
1. EMA (9, 21): Price breaks above both EMA9 and EMA21, indicating a strong uptrend.
2. Bollinger Bands: Price breaks the upper band of Bollinger Bands, signaling overbought conditions and a possible short-term correction.
3. MACD: MACD indicator is rising strongly, indicating that the bullish momentum is still very high.
4. RSI (14): RSI reaches 85.72, signaling overbought conditions, selling pressure may appear.
Trading Strategy:
• Uptrend: If price holds above 0.1100, next target could be 0.1230 USDT.
• Correction: If price falls below 0.0994 (middle Bollinger band), be cautious of further downside risk.
Note:
• Given the high increase in a short period of time, close monitoring of profit-taking pressure is required.
• Set stop loss below 0.0990 to manage risk.