Price: 5.05 | EMA7: 5.76 | EMA25: 8.66 | RSI14: 35.86 | Resistance: 49.55 | Support: 3.681 | Average Volume: 7011774.41 | Volume Trend: Decreasing
Based on the 1-week chart, here's my analysis:
The RSI is indicating a neutral/bearish signal with a reading of 35.86, hinting at a potential downtrend continuation. The MACD also supports this notion, showing a strong bearish momentum.
Considering the declining volume trend and the significant gap between the current price (5.05) and the EMAs (7.64 and 8.66), I would recommend a Short entry around 5.50, targeting 4.50, and then 3.681 (support).
If you're looking to buy, wait for a clear breakout above the EMA7 (5.764) and the RSI to enter the oversold territory (below 30). The best spot buy price would be around 6.20, with a stop-loss at 5.50.
Keep in mind that these are short-term signals and are subject to change based on market conditions. Always set stop-losses and manage your risk accordingly.