Price: 1.557 | EMA7: 2.55 | EMA25: 4.04 | RSI14: 38.14 | Resistance: 15.5 | Support: 1 | Average Volume: 44695843.05 | Volume Trend: Decreasing
Based on the 1-week technical analysis of BERAUSDT, here are my observations and recommendations:
1. The price is trending downwards, and the RSI is in the oversold region (RSI14: 38.14%), indicating a potential bounce.
2. The MACD is also in a bearish zone, but the signal line is close to crossing over, which could provide a short-term buy signal.
3. The EMA7 and EMA25 are in a bearish crossover, confirming the trend.
4. There is strong support at 1.00 and resistance at 15.50.
5. Volume trend is decreasing, which may indicate a loss of momentum.
Advice:
1. Best Long entry price: 1.10-1.15, using a stop-loss below 1.00 and targetting 1.30-1.35.
2. Best Spot Buy price: None recommended due to the bearish trend and decreasing volume.
Disclaimer: This is a technical analysis and should not be taken as investment advice.