Price: 0.8179 | EMA7: 0.83 | EMA25: 0.76 | RSI14: 53.1 | Resistance: 1.3264 | Support: 0.2394 | Average Volume: 1216928020.19 | Volume Trend: Decreasing
Based on the given data, the technical analysis for ADAUSDT (1-week chart) is as follows:
- Trend: Short-term EMA (7) is above the long-term EMA (25), indicating a bullish trend.
- Momentum: RSI14 (53) is in the neutral zone, indicating neither strong buying pressure nor selling pressure.
- MACD: The MACD value is positive but relatively low, indicating a slow trend momentum.
- Volume Trend: The decreasing volume trend suggests reduced participation in buying and selling activities.
Recommendations:
1. **Short**:
- Enter short at the daily high (close to the weekly resistance) around 0.85.
- Set a stop-loss at the daily high (around 0.93) to exit the trade if the price touches 0.93 before touching 0.77.
- Target a profit at the weekly support around 0.52.
2. **Long**:
- Wait for a confirmation of a bullish crossover between the short-term and long-term EMAs.
- Enter long at the close around the weekly support (near 0.62).
- Set a stop-loss at the close below the weekly support (around 0.57).
- Target a profit at the weekly resistance around 1.10.
However, before executing any trades, it's essential to confirm these recommendations with real-time charts and updates.