PEOPLE/USDT QUICK ANALYSIS – UPTREND OR CORRECTION?
On the 1H chart of PEOPLE/USDT, the price is hovering around $0.0845, up 6.58% in 24 hours.
1. Bollinger Bands: The price is in the average zone, the Bollinger Bands are expanding – a signal of strong volatility coming. If the price breaks the upper band, it may continue to increase, on the contrary, if it breaks the lower band, it may decrease deeply.
2. MACD: There is no clear signal yet. Traders should wait for more crossover signals to confirm the trend.
3. Stochastic RSI: Oversold, it may be a buying opportunity. But need more confirmation signals.
4. Support & Resistance:
• Support: $0.08135.
• Resistance: $0.0909.
Strategy: Wait for signals from MACD and Bollinger Bands to enter short-term orders, or buy when price bounces from support zone.$PEOPLE
