Price: 3.817 | EMA7: 3.37 | EMA25: 3.68 | RSI14: 51.53 | Resistance: 15.5 | Support: 1 | Average Volume: 7852903.23 | Volume Trend: Increasing
Based on the provided technical analysis, I can provide some insights on Binance Coin (BCH) against the US Dollar (BEREBUSDT). Remember, these are my suggestions, and you should always do your own research and make informed decisions before making any trades.
Long/Short Entry Prices:
- Short Entry Price: When the price breaks below the EMA25 support level (currently around 3.38), consider opening a short position.
- Long Entry Price: Wait for the price to break above the EMA7 resistance level (currently around 3.6), ensuring confirmation through indicators like RSI, MACD, and volume trend.
Spot Buy Price:
Consider purchasing BEREBUSDT when we see a sustained period of lower highs and lower lows on the price chart, indicating a bearish trend. However, since the price is currently near resistance levels but with an increasing volume trend, it might be advisable to wait for a dip to a more suitable buy zone.
Please note that:
1. Always consider the overall market conditions and timeframe analysis when making decisions.
2. This analysis focuses on the 1-day chart and 7-day rolling averages, but consider expanding your analysis to more timeframes for a well-rounded view.
3. Always consult your personal risk tolerance and investment goals before making trades.