Price: 1.1759 | EMA7: 1.18 | EMA25: 1.18 | RSI14: 42.33 | Resistance: 1.1822 | Support: 1.168 | Average Volume: 706492.01 | Volume Trend: Decreasing
Based on the 1-hour chart, here's my technical analysis:
**Short-term Bearish**: The price is below the EMA7 and EMA25, indicating a short-term downtrend. RSI14 is also below 50, supporting the bearish momentum.
**Long/Short Entry Prices:**
- Short: 1.1745 (just below the current price) with a target of 1.168 (Support)
- Long: 1.1822 (Resistance) with a target of 1.1880 (above the Resistance)
**Spot Buy Price:** 1.1800 (just below the Resistance) with a target of 1.1880, but be cautious as the short-term trend is bearish.
**Volume Trend**: Decreasing volume supports the bearish momentum.
Please note that these are short-term trading opportunities and may not be suitable for all traders. It's essential to consider your risk tolerance and overall market conditions before making any trading decisions.