🤖 AI Insight

Based on the provided 1-hour candlestick chart of DUSKUSDT, here is the technical analysis, with suggestions for the best entry points:

1. EMA: The short-term EMA7 and longer-term EMA25 are in alignment providing a smooth and clear price trend support. They both indicate that the current price (0.051) is below these moving averages, which could indicate overall negative sentiment.

Best Long entry price: Wait for a crossover of the short-term EMA7 above the longer-term EMA25 to confirm a bullish momentum. After the crossover, look for proper bullish engulfing candlestick patterns, suggesting buying opportunities. Target the upper resistance level, which is currently around 0.0556.

2. RSI: The Relative Strength Index (RSI14) is currently around 40.41, indicating neutral market conditions. Wait for an oversold scenario, typically around 30, to enter the market.

Best Short entry price: On the downside, a significant downtrend line would need to be violated for a strong sell signal, with RSI oversold conditions acting as additional confirmation. Monitor the lower support level, currently around 0.0488.

3. MACD: The MACD has a negative zero-line crossing indicating downtrend momentum. Wait for the MACD signal line to cross below the histogram for a short signal.

Best Short entry price: Enter the market when the MACD signal line (thin line) slices below the MACD line (thicker line). Act upon this crossover while having the lower support level at 0.0488 working as validation.

4. Resistance and Support levels: A close above the resistance around 0.0556 may initiate a momentum trade. Conversely, support around 0.0488 serves as an important level to act as cushion before further prices dipping.

Best advice: Be cautious while trading near any major resistance or support levels. While there are a few signals pointing in the downside direction, waiting for a clear trading signal is advisable considering market noise and high uncertainties, especially due to recent trading volume decrease. Aim to enter the market during the points mentioned above and always check RSI and MACD signals before taking any trade decision.