Price: 547.8 | EMA7: 551.92 | EMA25: 561.22 | RSI14: 46.65 | Resistance: 634.3 | Support: 377.5 | Average Volume: 59573.48 | Volume Trend: Decreasing
Based on the technical analysis of BCHUSDT at 1d:
- The price is below both EMA7 (551.92) and EMA25 (561.22), indicating a downtrend.
- RSI14 is at 46.65, suggesting the asset is not oversold but trending downwards.
- MACD is negative (-3.74), reinforcing the downtrend signal.
- Resistance is at 634.3, and support is at 377.5.
**Advice:**
- **Long Entry:** Consider entering long around the support level of 377.5 if it reaches there, as it might bounce back.
- **Short Entry:** A short position could be considered around the current resistance or if it bounces back to EMA7/EMA25 (around 551-561), with a stop loss slightly above EMA25 or the recent high if it continues to rise.
- **Spot Buy:** The best spot buy price would be around 377.5 if the price drops to that level, as it's a strong support.
Keep an eye on the volume trend, as a decreasing volume might indicate a weakening trend, and any significant change could affect the analysis.