Price: 104.12 | EMA7: 104.51 | EMA25: 104.23 | RSI14: 49.36 | Resistance: 112.5 | Support: 100.42 | Average Volume: 3959.45 | Volume Trend: Decreasing
Based on the 4h chart of QNTUSDT, here's my analysis:
**Current Status:** The price is around 104.12, which is below both the EMA7 and EMA25. This indicates a short-term downtrend.
**RSI14:** The RSI is at 49.36, indicating a neutral market. This is a sign of consolidation.
**MACD:** The MACD is slightly positive at 0.0312, suggesting a weak bullish momentum.
**Recommendation:**
1. **Short**: Considering the short-term downtrend and the RSI14 is below 50, I would recommend a short position. The ideal entry price could be around **103.30**, just below the current price, to capture any potential downtrend.
2. **Long**: However, given the weak bullish momentum and the RSI14 in the neutral zone, I would wait for a clearer signal. This could be a long position with a potential entry price around **108.50**, where the price may bounce off the resistance level (112.5).
**Spot Buy Price:** Not recommended at this time due to the downtrend and decreasing volume trend.
**Disclaimer:** This is a technical analysis, and there is no guarantee of future performance.