Price: 0.8181 | EMA7: 0.84 | EMA25: 0.85 | RSI14: 46.21 | Resistance: 1.0193 | Support: 0.51 | Average Volume: 166977175.8 | Volume Trend: Decreasing
Based on the 1-day daily chart of ADAUSDT, here is my analysis:
The asset is currently in a downtrend, with the price trading below the EMA25 level. The RSI is at 46, indicating that the asset is slightly oversold. The MACD is slightly bullish, indicating a potential reversal.
As for the best long/short entry prices:
* Short entry price: wait for price to break below the previous swing low around 0.79, or consider a buy-stop order above the EMA25 at 0.856-0.86.
* Long entry price: look for a reversal at the oversold level, potentially near the support at 0.51, or consider a sell-stop order below the support to capture a potential bounce.
For the best spot buy price:
* I would advise waiting for a stronger indication of a reversal, such as a confirmation of a higher high above the EMA25, before considering a long entry. This could potentially be around the support at 0.51 or slightly higher.
Keep in mind that this is just a technical analysis, and you should always consider other market factors before making a trade decision.