Price: 0.06373 | EMA7: 0.07 | EMA25: 0.09 | RSI14: 36.42 | Resistance: 0.494 | Support: 0.03 | Average Volume: 468025573.08 | Volume Trend: Decreasing
Based on the 1-week chart of GRTUSDT, here's a technical analysis:
**Current Trend:** Bearish
**RSI:** Oversold (36.42), indicating a potential bounce.
**SMA Analysis:**
- EMA7 ($0.0728) is above EMA25 ($0.0908), indicating a bearish crossover.
- EMAs are above the current price, indicating price is below the short-term moving average support.
**MACD:** Negative, indicating a bearish trend.
- Signal line is below the MACD line, indicating a bearish trend continuation.
- A MACD line rise above signal to indicate potential reversal.
**Entry and Exit Recommendations:**
* **Long Entry:** Wait for a bullish cross of the EMA7 and EMA25 (above $0.075) with a matching buy signal in RSI and MACD, to minimize risk. Recommended price is $0.070 to $0.073.
* **Short Entry:** Based on the present bearish trend, wait for a bearish MACD indicator with the EMA7 and EMA25 to cross under $0.07 and RSI below 50. A short entry with price of $0.06 seems to be a safe entry point.
* **Spot Buy Recommendation:** Wait for an overbought signal (RSI above 70) and an RSI divergence, with an average volume above the historical average (468M). It may bounce at $0.07 but consider buying only if RSI and MACD give matching buy signals at a safe entry price around $0.07.
**Volume Trend:** Decreases, indicating bearish trend continuation as market confidence decreases.
**Recommendations:**
- Wait for matching signals from multiple indicators and average volume above the historical average before entering.
- Monitor volume and indicators closely for potential reversal signals.
- Trade based on price action and trend analysis.