Price: 1.385 | EMA7: 1.38 | EMA25: 1.38 | RSI14: 53.7 | Resistance: 1.408 | Support: 1.289 | Average Volume: 10106.22 | Volume Trend: Increasing
Based on the provided 15-minute technical analysis of EPICUSDT using various indicators, here is my interpretation of the chart:
1. Price: The current price of EPICUSDT is $1.385.
2. EMAs: Both the 7-day EMA and 25-day EMA are positively inclined and support the current price level. The levels are approximately 1.38375517 and 1.37918342, respectively.
3. RSI: The RSI (relative strength index) reading is at 53.700265 with a 14-day timeframe, indicating bullish sentiment but not yet oversold or overbought conditions.
4. MACD: The MACD (moving average convergence divergence) indicator shows a bullish signal at 0.00364452785 with a 14-day timeframe.
5. Resistance: Look for potential bullish breakouts above $1.408, indicating strong upward momentum.
6. Support: Keep an eye out for potential support levels at $1.289, indicating a potential price correction or buying opportunity.
7. Volume: The average volume for the past day is $10,106.221, and the volume trend is increasing, which can be a positive indicator for potential price movement.
Best Long Entry Price (considering trends and resistance): Utilizing the observed resistance level at $1.408 and the increasing volume trend, it would be advisable to enter the long positions if the price breaks above $1.408 followed by strong consolidation to ensure the uptrend maintains its momentum. In such a scenario, take the long entry at around $1.39 or slightly above $1.40 ensuring the current uptrend is intact and well supported by the volume increase.
Best Short Entry Price (considering support levels and crossover indicators): Monitor potential downside support levels around $1.289, where buying opportunities may arise. After a price correction, look for bearish crossover signals (like crossover between MACD and the fast MA) to enter the short positions. In that case, consider entering at around $1.289 or slightly below, ideally seeing the bearish crossover confirming the downtrend. Keep an eye on the support level and the negative crossover signals before entering the short positions.