Price: 23.92 | EMA7: 22.67 | EMA25: 22.26 | RSI14: 59.81 | Resistance: 35.09 | Support: 17.81 | Average Volume: 98957.74 | Volume Trend: Increasing
Based on the technical analysis of DASHUSDT at 1d:
- The price (23.92) is above both EMA7 (22.67) and EMA25 (22.26), indicating a bullish trend.
- RSI14 is at 59.81, suggesting the asset is not overbought yet, leaving room for further potential upside.
- MACD is positive (0.27), supporting the bullish momentum.
**Long Entry Advice:**
A potential long entry could be considered around the EMA7 (22.67) or slightly below, as it acts as a dynamic support. However, given the current price is already above EMA7, a pullback to this level might not happen immediately. A more conservative entry could be waiting for a pullback towards EMA25 (22.26), around 22.26.
**Short Entry Advice:**
For a short entry, waiting for the price to hit or come close to the resistance level at 35.09 could be a strategy, as it has historically acted as a ceiling. Alternatively, if the RSI14 starts to show overbought conditions (above 70), it might be a signal to consider a short position.
**Spot Buy Price:**
A good spot buy price could be around 22.26 (EMA25), as it represents a stronger support level and a more conservative entry point for a long-term investment.
Keep in mind that technical analysis is not foolproof, and it's essential to consider fundamental analysis and risk management strategies. Increasing volume supports the current trend, but be cautious of potential reversals or corrections.