Price: 0.1255 | EMA7: 0.13 | EMA25: 0.13 | RSI14: 43.37 | Resistance: 0.1342 | Support: 0.1184 | Average Volume: 114796.41 | Volume Trend: Decreasing
For HIVEUSDT on a 1-hour chart, here's a brief analysis and advice:
- The price is currently at 0.1255, slightly below EMA7 (0.1255) and further below EMA25 (0.1263), indicating a bearish trend.
- RSI14 is at 43.37, suggesting the asset is nearing oversold territory but hasn't reached it yet.
- MACD is negative, reinforcing the bearish sentiment.
Given the current analysis:
1. **Long Entry**: Consider entering long when the price breaks above EMA25 (0.1263) and RSI14 moves above 50, indicating a potential trend reversal. A safer entry would be above the resistance level of 0.1342.
2. **Short Entry**: For a short position, consider entering if the price drops below the support level of 0.1184, with a stop-loss slightly above EMA25 or the recent high.
3. **Spot Buy**: A good spot buy price would be around the support level of 0.1184, where the price may bounce back, or slightly above EMA25 if it acts as support in a potential bounce scenario.
**Advice**: Monitor the price action closely around the support and resistance levels. A break below 0.1184 could lead to further downside, while a move above 0.1342 could signal an upside trend. For long-term spot buys, averaging around support levels like 0.1184 could be a strategy, but be prepared for potential further drops.