Price: 1.469 | EMA7: 1.32 | EMA25: 2.13 | RSI14: 40.65 | Resistance: 17.79 | Support: 0.882 | Average Volume: 15826001.56 | Volume Trend: Increasing
Based on the 1-week chart analysis, here's my technical analysis:
The EMA7 (1.3207) and EMA25 (2.1309) are both above the price (1.469), indicating a bearish sentiment. The MACD (-0.6947) is also bearish. However, the RSI14: 40.653637160263 indicates that the price is not oversold, and the Support (0.882) is relatively close.
Considering the increasing Volume Trend and the bearish indicators, I would recommend a Short entry at around 1.45 with a stop-loss above 1.50.
For a Long entry, I would suggest waiting for a price break above 1.60, with a stop-loss below 1.45.
As for a Spot Buy, I would recommend entering at around 1.35, with a stop-loss below 1.25.
Please keep in mind that market conditions can change rapidly, and it's essential to monitor the chart regularly for any changes in trend or momentum.