Price: 129.73 | EMA7: 130.21 | EMA25: 130.23 | RSI14: 44.25 | Resistance: 131.65 | Support: 128.32 | Average Volume: 15.65 | Volume Trend: Increasing
Based on the 15m chart, here's my technical analysis:
* The EMA7 and EMA25 are converging, indicating a potential short-term reversal.
* The RSI14 is near the midpoint, suggesting neither overbought nor oversold conditions.
* The MACD is bearish, but not excessively so.
* The increasing volume trend supports a potential upside move.
Advice:
* Long entry: 130.50 (above the converging EMAs) with a stop-loss at 129.20.
* Short entry: 128.50 (below the support level) with a stop-loss at 130.10.
* Spot buy price: 130.20, considering the increasing volume trend and converging EMAs.
Please keep in mind that this is a short-term analysis and is subject to change. It's essential to monitor the price action and adjust your strategy accordingly.