Price: 0.0361 | EMA7: 0.04 | EMA25: 0.04 | RSI14: 52.6 | Resistance: 0.0454 | Support: 0.0284 | Average Volume: 5274379.79 | Volume Trend: Decreasing
Based on the 4-hour chart analysis, the current price of C98USDT is 0.0361.
Key observations:
- EMA7 is above EMA25, indicating a short-term bullish trend.
- RSI14 is around 52, which is neutral, neither indicating overbought nor oversold.
- MACD is slightly positive but very low, indicating a potential for a bullish crossover.
- The decreasing volume trend might indicate a loss of momentum.
- The current price is above the support level of 0.0284.
Recommendations:
- Long entry: Wait for a break above the recent high of 0.0366 or a bullish crossover of MACD. This could be above the current price, making an entry in the region of 0.0370 a good starting point.
- Short entry: Watch out for a break below the support level of 0.0284, which indicates a strong sell signal. An entry can be taken in the region of 0.0290.
- Spot buy: Based on the resistance level at 0.0454, a safe spot buy can be taken around 0.0340, as it offers a significant margin before reaching the resistance price. However, always consider other market indicators and factors before entering any position.