Price: 0.6259 | EMA7: 1.04 | EMA25: 1.78 | RSI14: 0 | Resistance: 2.6791 | Support: 0.198 | Average Volume: 903012767.5 | Volume Trend: Decreasing
Based on the provided technical analysis of AVNTUSDT over the week, we can identify potential entry points for long and short trades, along with the current spot buy price recommendation.
For long positions:
1. Wait for the price to break above the 0.198 support level to confirm a possible uptrend. Keep an eye on the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators for potential crossovers indicating a bullish momentum. Typically, hold the long position once RSI exceeds 50 and MACD goes positive.
2. A buy signal at the current price could potentially be generated when the price holds above 0.198 support and shows new صاعد resistance around 1.04 EMA (7 days) and 1.78 MACD (14 days) levels. Set a stop loss slightly below the support level to minimize potential losses.
For short positions:
1. Look for the price to break below the 2.6791 resistance level indicating a possible downtrend. Wait for negative RSI divergences or MACD crosses beneath the zero line, confirming a bearish momentum.
2. A potential sell signal could appear when the price stays below 2.6791 resistance while breaking below the 0.198 support. Place a stop loss slightly above the resistance level to minimize potential losses.
For a more accurate buy or sell recommendation, consider conducting additional analysis including trading volume, trendlines, and other chart patterns. Additionally, crosscheck the analysis with other timeframes and markets to ensure a well-informed decision.
To assist with further analysis, I recommend using tools like charting platforms like TradingView where you can overlay various technical indicators, drawing support and resistance levels, and creating signals for buy/sell decisions based on your preferences and risk tolerance.