Price: 0.7755 | EMA7: 0.78 | EMA25: 0.79 | RSI14: 43.7 | Resistance: 0.943 | Support: 0.7472 | Average Volume: 5426468.57 | Volume Trend: Decreasing
Based on the 4-hour chart of CRVUSDT, here's a brief technical analysis:
* The bearish trend is intact, with the price trading below the EMA25 (0.789581).
* The RSI14 is indicating a relatively oversold condition (43.7), which may lead to a potential bounce.
* The MACD is bearish and close to its zero line, suggesting a possible short-term upside.
* The resistance levels are relatively far away, and the support levels are not too strong, so there's a risk of retracement before any potential upswing.
* In the context of this analysis, I would recommend a Long/Short entry at a price around 0.76-0.775, as the price is likely to bounce off the support level and retest the EMA7.
* The best spot buy price would be around 0.74-0.745, where the price is likely to find support and potentially initiate a short-term upswing.
* Be cautious of any potential reversals or a breakout below the support level, which could lead to further downside pressure. Volatility remains relatively low, so it's essential to monitor the chart closely for any changes in momentum.