Price: 1.301 | EMA7: 1.32 | EMA25: 1.34 | RSI14: 40.1 | Resistance: 1.588 | Support: 1.171 | Average Volume: 1311715.58 | Volume Trend: Decreasing
Based on the 4h chart of RUNEUSDT, I would say the current price trend is neutral to slightly bearish.
Here are some key observations:
- The price is below both the EMA7 (1.324) and EMA25 (1.338), indicating a bearish trend.
- RSI14 is at 40, which suggests the price is somewhat oversold, but not extremely.
- MACD is slightly negative, indicating bearish momentum.
- The decreasing volume trend may indicate that the bearish trend is losing steam.
Entry advice:
- Short entry: 1.29 - 1.26 (price is consolidating in this zone and if it breaks below, it's a good selling opportunity)
- Long entry: A waiting game for now, but watch for a bullish reversal signal (e.g. RSI14 crosses above 50, or a bullish MACD signal).
Best spot buy price: I would advise against buying RUNEUSDT at the current price. However, if the price breaks above the EMA25 (1.338), it might be a good buying opportunity.