Price: 22.97 | EMA7: 23.16 | EMA25: 22.43 | RSI14: 62.2 | Resistance: 24.01 | Support: 19.09 | Average Volume: 108564.72 | Volume Trend: Decreasing
Based on the 1h chart of AVAXUSDT, here's my analysis:
The price is trading above the 7-day Exponential Moving Average (EMA7), indicating an upward momentum. However, the 25-day EMA (EMA25) is still above the current price, suggesting a potential pullback.
The Relative Strength Index (RSI14) is at 62.2, which is neutral, but could be due for a correction. The MACD is positive and rising, indicating a bullish trend.
Considering the Resistance at 24.01 and the Support at 19.09, I would advise the following:
* Long/Short entry prices: Look for a pullback to the 21.50-22.00 range for a potential long entry, and consider a short entry if the price breaks below the Support at 19.09.
* Spot buy price: If you're looking to buy AVAXUSDT, consider doing so around 21.50-22.00, expecting the price to bounce off the Support and re-test the Resistance.
Please note that this is a brief analysis based on the provided 1h chart, and it's essential to consider other factors, such as global market trends, news, and sentiment, before making any trading decisions.