Price: 1.898 | EMA7: 1.9 | EMA25: 1.93 | RSI14: 30.68 | Resistance: 2.046 | Support: 1.889 | Average Volume: 19800.73 | Volume Trend: Decreasing
Based on the given technical analysis, here are my observations and recommendations:
1. **Trend**: The price is trading below the EMA25, indicating a bearish trend. However, the EMA7 is close to the EMA25, suggesting a possible trend reversal.
2. **RSI**: The RSI14 is around 30, indicating an oversold condition, which can be a buying opportunity.
3. **MACD**: The MACD is negative, indicating a bearish momentum.
4. **Resistance and Support**: The price is currently near the support level of 1.889, and has a long way to go to reach the resistance level of 2.046.
5. **Volume Trend**: The volume trend is decreasing, suggesting a lack of buying interest, which can be a bearish sign.
Recommended trades:
* **Long (Buy)**: Enter a long position when the price reaches 1.90 (near the EMA7 and support level) and expect a potential trend reversal. **Stop-loss**: Place the stop-loss below the support level (1.889). **Target**: Aim for a target price around the EMA25 (1.9298), and adjust the stop-loss accordingly.
* **Best spot buy price**: 1.89 (near the support level and EMA7)
* **Best Long/Short entry price**: 1.90 (near the EMA7 and support level)
Please note that these recommendations are based on the 1-hour chart analysis and should not be considered as investment advice. Always use proper risk management and adjust the stop-loss according to your risk tolerance.