Price: 17.61 | EMA7: 21.57 | EMA25: 23.61 | RSI14: 40.13 | Resistance: 65.39 | Support: 8.52 | Average Volume: 20861900.94 | Volume Trend: Decreasing
Based on the technical analysis of AVAXUSDT at 1w:
- The price is below both EMA7 and EMA25, indicating a downtrend.
- RSI14 is around 40, suggesting it's not oversold yet, but getting close.
- MACD is negative, confirming the downtrend.
**Long Entry:** Consider a long position if the price breaks above EMA25 (around 23.61) with increasing volume, or if it shows a strong reversal pattern near the support level of 8.52.
**Short Entry:** If the price bounces off the current level and hits resistance around EMA7 or EMA25, consider shorting with a target towards the support at 8.52.
**Spot Buy:** The best spot buy price would be around the support level of 8.52, as it represents a significant historical support area. However, if you're looking for a slightly higher entry with less risk, waiting for a clear reversal pattern (like a bullish engulfing or hammer) near this level could be wise.
**Disclaimer:** Always use proper risk management and consider multiple analyses before making a trading decision.