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📊 Analysis: ADXUSDT (1d)

Price: 0.1082 | EMA7: 0.1 | EMA25: 0.1 | RSI14: 67.26 | Resistance: 0.1717 | Support: 0.072 | Average Volume: 11523925.84 | Volume Trend: Increasing

🤖 AI Insight

Based on the provided technical analysis, the crypto token ADXUSDT is showing a positive outlook with a bullish trend. Here is my analysis:

1. Long Entry Price Advice: When the EMA7 crosses above the EMA25 and the RSI14 breaks above the overbought level (in this case, 60), take a long position following a confirmed uptrend. However, only enter the Long position when the ADX is in an upward trend and the DI+/DI- values are converging to demonstrate strength.

2. Best Long Entry Price: I would advise waiting for the following conditions: 1) EMA7 crossing above EMA25 (corresponding to 27 June 2023), and 2) RSI14 breaks above the overbought level of 60 confirming a bullish trend. This will likely occur close to the resistance level of 0.1717. Adjust the timeline to match the preferred entry horizon, considering the average 16-day hold time mentioned earlier.

1. Short Entry Price Advice: Similarly, when a strong uptrend turns into a downtrend, use the following guide: 1) EMA7 crossing below EMA25, 2) RSI14 breaks below the oversold level of 30, and 3) the ADX line itself slips under the +DI and -DI, which indicates a trend change. These conditions usually occur after the support level, which is 0.072, but it is essential to verify that the current strength is high and preferably a bullish-to-bearish ADX crossover prior to considering a short position.

1. Best Short Entry Price: I would advise waiting for the following conditions to appear: 1) EMA7 crossing below EMA25, corresponding to approximately 20 June 2023, and 2) RSI14 breaks below the oversold level around 30, establishing that the market sentiment is bearish. Always ensure a strong ADX signal, preferably with a bullish-to-bearish ADX crossover indicating market strength shift before entering the Short position. Based on the current market with average 16-day holding time, this guide will help you predict an ideal Short position entry, likely around the support level of 0.072.

3. Advice on Spot Buy Price: As an advisor, my suggestion for buying spots is to look for a strong ADX signal, particularly if the DI+/DI- line crosses above the ADX line, indicating a bullish trend after crossing above the support level around 0.072. Then wait for an appropriate Buying Opportunity after the EMA7 crosses above EMA25 following a significant trend change. Wait for MACD to deliver a positive signal by crossing above the signal line in concurrence with a bullish ADX crossover. Now that I provided both Short and Long position entry points, these conditions will help guide you to appropriate spot buying price, possibly around the support level mentioned (0.072).