Price: 0.009309 | EMA7: 0.01 | EMA25: 0.01 | RSI14: 70.6 | Resistance: 0.009703 | Support: 0.008744 | Average Volume: 15373740.24 | Volume Trend: Decreasing
Based on the provided technical indicators, the sell signal appears to have been generated, pointing to an uptrend reversal or at least a short-term consolidation. With RSI at a peak, RSI tends to decrease from such high values indicating an oversold condition which typically triggers a short-term upturn. Since MACD is also indicating sell signal, it seems we are close to or at a potential support level. Therefore, considering this information:
Long entry price recommendations:
1. Wait until price crosses the EMA7 and EMA25 barriers.
2. Monitor RSI, MACD, RSI %, and other indicators such as Moving Average Convergence Divergence, MACD histogram, and oscillators to guide you.
3. Wait for a bullish crossover between the 7-period and 25-period exponential moving averages (EMA) to confirm a potential upturn.
Short entry price recommendations:
1. Await a negative crossover between the 7-period and 25-period EMA to signal potential sell conditions.
The current support level appears to be around 0.008744, so buying here might be preferable for short-term trading:
Best spot buy price: 0.008744 (Support level)
In regards to Long positions, we recommend waiting until the EMA7 and EMA25 cross above the price, and observing the RSI, MACD, and other indicators to determine the best entry point.
As a short-term investor, our advice is to wait for the 7-period EMA and 25-period EMA crossover to suggest selling opportunities, and then observe the RSI, MACD, and other tools before taking action.