Price: 0.1092 | EMA7: 0.1 | EMA25: 0.13 | RSI14: 41.16 | Resistance: 0.387 | Support: 0.072 | Average Volume: 67401217.47 | Volume Trend: Decreasing
Based on the technical analysis of ADXUSDT at 1-week chart:
- The price (0.1092) is between EMA7 (0.1012) and EMA25 (0.1327), indicating a potential consolidation phase.
- RSI14 at 41.16 suggests the asset is nearing oversold territory, not yet oversold.
- MACD is negative (-0.0235), indicating a bearish trend.
- Resistance is at 0.387, and support is at 0.072.
**Advice:**
1. **Long Entry:** Consider a long position if the price breaks above EMA25 (0.1327) with increasing volume; a more aggressive entry could be at the current price if it bounces back from the support level.
- **Best Long Entry Price:** Above 0.1327.
2. **Short Entry:** Given the bearish MACD and price below EMA25, consider a short position if the price breaks below the current low or EMA7.
- **Best Short Entry Price:** Below 0.1012.
3. **Spot Buy:** For a spot buy, consider when the RSI indicates oversold conditions (typically below 30) or a clear bounce from the support level.
- **Best Spot Buy Price:** Around 0.072 or lower if RSI drops further towards oversold territory.
Keep an eye on the volume trend; a reversal in volume (increasing) could validate the direction of the breakout.