Price: 18.25 | EMA7: 18.1 | EMA25: 18.23 | RSI14: 50.35 | Resistance: 20.22 | Support: 17.4 | Average Volume: 844.33 | Volume Trend: Decreasing
Based on the 15-minute chart analysis you provided, here is a summary of the key indicators:
Price: $18.25
EMA7: $18.10
EMA25: $18.229
RSI14: 50.35
MACD: -0.098
Resistance: $20.22
Support: $17.4
Average Volume: $844.33
Volume Trend: Decreasing
Advice:
1. Long entry: Given the slight bullish momentum and support at $17.4, consider opening a long position when the price briefly touches or exceeds $17.4 and holds above it for a couple of candles. Monitor the indicators closely during this process.
2. Short entry: Due to the decreasing volume trend and MACD signals, a shorter-term short position can be considered once the MACD shows a clear bearish crossover and the price crosses the EMA25, aiming to take profit near the resistance at $20.22.
Advisor Spot Buy Price: Considering the stability at the current price of $18.25 and RSI levels indicating balance in the market, your spot buy price could be within the range of the current price. Monitor the indicators for further clarity on whether to buy at the current price or wait for a slight downward correction.