Price: 0.6444 | EMA7: 0.65 | EMA25: 0.66 | RSI14: 40.42 | Resistance: 0.7558 | Support: 0.6315 | Average Volume: 1672339.13 | Volume Trend: Decreasing
Based on the technical analysis of CRVUSDT at 1h:
- The price is below both EMA7 and EMA25, indicating a downtrend.
- RSI14 is around 40.42, suggesting the asset is not oversold yet but getting closer.
- MACD is negative, confirming the bearish momentum.
For a long position, consider entry around the support level of 0.6315 if it holds, or wait for a breakout above EMA25 (around 0.6586) as a confirmation of a potential trend reversal.
For a short position, an entry near the current resistance or EMA25 (around 0.6586) could be considered, with a target towards the support level of 0.6315.
For a spot buy, the best entry would be around 0.6315 if the support holds and shows signs of reversal, or after a clear breakout above 0.6586 with a stop loss below 0.6315.
**Long Entry:** Around 0.6315 (if support holds) or above 0.6586 (on breakout).
**Short Entry:** Around 0.6586 with a stop loss above.
**Spot Buy:** Around 0.6315 or on a breakout above 0.6586.