Price: 0.01149 | EMA7: 0.01 | EMA25: 0.02 | RSI14: 37.61 | Resistance: 0.144 | Support: 0.00674 | Average Volume: 4944722897.99 | Volume Trend: Decreasing
Based on the 1w charts of PEOPLEUSDT, the current price is 0.01149.
Here are some observations:
- The price is below both the EMA7 (0.014385313) and EMA25 (0.018887705), indicating a bearish trend.
- The RSI14 (37.605671) is below 50, suggesting the price might be oversold and due for a bounce.
- The MACD is negative (-0.003220), also indicating a bearish trend.
- The volume trend is decreasing, which can be a sign of weak price action.
Long/Short Entry Advice:
- Consider a LONG entry at 0.01149 if the price breaks above the EMA7 (0.014385313) with increasing volume.
- Consider a SHORT entry at 0.01149 if the price goes below the support level (0.00674) or breaks below the EMA25.
Spot Buying Advice:
- Given the bearish trend and decreasing volume, it might be best to wait for a bounce before considering a spot buy.
- Consider a spot buy if the price breaks above the EMA25 (0.018887705) and RSI14 reaches above 50, indicating a strong bullish trend.
- Best spot buy price: ideally above 0.0185 with a bullish MACD crossover and increasing volume.