Price: 0.1632 | EMA7: 0.17 | EMA25: 0.19 | RSI14: 44.38 | Resistance: 0.87 | Support: 0.131 | Average Volume: 53289865.64 | Volume Trend: Decreasing
Based on the given technical analysis of SCRTUSDT at a 1-week chart, here's my analysis:
- The price is trading above the EMA7, indicating a short-term uptrend.
- The price is below the EMA25, indicating a long-term downtrend, and the moving average crossover is bearish, supporting this trend.
- The RSI14 is at 44.38, in the neutral zone, indicating that the bullish momentum is recovering but not strong enough to push the price upwards.
- The MACD is negative, indicating bearish momentum.
- The volume trend is decreasing, indicating a lack of market interest.
- The price is still trading above the support level of 0.131.
Recommendations:
- Short positions: Long entry price: 0.165 (above EMA7), Target: 0.131 (support level).
- Long positions: Short entry price: 0.135 (above support level), Target: 0.187 (EMA25 level).
- Spot buy: Not recommended due to the long-term downtrend and decreasing volume trend.