Price: 22.96 | EMA7: 23.09 | EMA25: 23.17 | RSI14: 44.11 | Resistance: 24.01 | Support: 20.91 | Average Volume: 53970.32 | Volume Trend: Decreasing
Based on the 15m technical analysis of AVAXUSDT:
- The current price is 22.96, below both EMA7 (23.09) and EMA25 (23.17), indicating a short-term downtrend.
- RSI14 is at 44.11, suggesting the asset is not oversold but trending downwards.
- MACD is negative (-0.0093), reinforcing the downtrend signal.
**Advice:**
- **Long Entry:** Consider going long around the support level of 20.91, with a stop loss below this level. Alternatively, wait for a break above EMA7 or EMA25 with a confirmed uptrend.
- **Short Entry:** If the price bounces off the current levels or resistance, consider shorting around 23.5-24.01, with a stop loss above the resistance.
- **Spot Buy:** The best spot buy price would be around 20.91, considering it a support level, or wait for a clear uptrend confirmation above EMA25.
Keep an eye on the decreasing volume trend; a surge in volume with a trend reversal could strengthen the direction.