Price: 0.01763 | EMA7: 0.02 | EMA25: 0.02 | RSI14: 38.4 | Resistance: 0.03118 | Support: 0.01652 | Average Volume: 221639504.2 | Volume Trend: Decreasing
Based on the technical analysis of ACHUSDT at 1d:
- The current price is 0.01763, below both EMA7 (0.01831) and EMA25 (0.01941), indicating a downtrend.
- RSI14 is at 38.40, suggesting the asset is approaching oversold territory, which might indicate a potential reversal or consolidation soon.
- MACD is negative (-0.00093), further supporting the bearish trend.
**Long Entry Advice:**
For a long position, consider waiting for a confirmation of reversal. A potential entry could be around the support level of 0.01652 if it holds, or wait for a clear bullish reversal signal (e.g., RSI14 moving out of oversold territory, MACD turning positive).
**Best Long Entry Price:** Around 0.0165 (if support holds) or upon a clear bullish reversal signal above EMA7 (0.01831).
**Short Entry Advice:**
For a short position, the trend is already bearish. Consider entering near resistance levels or upon a failed attempt to break above EMA7 or EMA25.
**Best Short Entry Price:** Near 0.01831 (EMA7) or 0.01941 (EMA25) if price rallies towards these levels.
**Best Spot Buy Price:** For a spot buy, consider around 0.0165 if the support level holds, or wait for a clear signal of trend reversal (e.g., RSI moving above 50, MACD turning positive).
Keep in mind, technical analysis is not a certainty, and other factors like fundamental analysis and market sentiment should also be considered. Always manage your risk.