Price: 0.7703 | EMA7: 0.77 | EMA25: 0.77 | RSI14: 45.58 | Resistance: 0.8056 | Support: 0.7585 | Average Volume: 10000.25 | Volume Trend: Decreasing
Based on the 15m chart, here's my technical analysis:
The short-term EMA7 (0.77127562242325) is close to the current price (0.7703), indicating a potential short-term reversal. The RSI14 is at 45.58051890642, suggesting the asset is neither overbought nor oversold. The MACD is slightly bearish, but the signal line is close to crossing over, which could indicate a potential bullish reversal.
Recommendations:
* Long Entry: Wait for a bullish MACD crossover and RSI to break above 50, targeting 0.785 (just below the resistance at 0.8056). Entry price: 0.775.
* Short Entry: If the price breaks below the support at 0.7585, targeting 0.745. Entry price: 0.755.
* Spot Buy: Consider a spot buy at 0.773, with a stop-loss at 0.765 and a take-profit at 0.795.
Please keep in mind that this is a short-term analysis and is subject to change. Always use proper risk management and consider other technical and fundamental factors before making any trading decisions.