Price: 0.1616 | EMA7: 0.17 | EMA25: 0.16 | RSI14: 49.45 | Resistance: 0.1892 | Support: 0.131 | Average Volume: 946268.2 | Volume Trend: Decreasing
Based on the provided information, here is an analysis of the short-term trend for SCRTUSDT:
1. Price: The current price is $0.1616.
2. EMA7: Exponential Moving Average (EMA) value for the 7th day, now at 0.16888707269652.
3. EMA25: EMA value for the 25th day, now at 0.16272322178317.
4. RSI14: Relative Strength Index, on the 14th day, at 49.450725083907, indicating a slightly oversold condition.
5. MACD: Moving Average Convergence Divergence, the current value is 0.0048518423451813, close to its signal line.
6. Resistance: First significant resistance level is observed at 0.1892. If the price breaks above this level, it could lead to further upward movement.
7. Support: Initial support level is observed at 0.131. A dip below this level might result in a further decrease in price.
8. Average Volume: The average volume is shown as 946268.199, showing moderate trading interest in the market.
9. Volume Trend: The volume trend is considered decreasing, which indicates a possible slowdown in market interest.
Considering these factors, I suggest taking the following actions for entry points:
Best Short Entry: Wait for a dip to the support level of 0.131 before making a short trade. Look for a confirmation signal like a decreasing volume bar or a minor dip under the support level before entering the trade.
Best Long Entry: Wait for a breakout above the resistance level of 0.1892 with an increase in volume confirming the breakout before entering a long position.
Additionally, you could consider following these trade suggestions:
Best Long Entry Alternative: Look for a crossover of the 25-day EMA with the 7-day EMA, which generally suggests a bullish signal. Wait for an entry around the 0.160 area, following this signal.
Best Short Entry Alternative: Look for a crossover of the 25-day EMA with the 7-day EMA, suggesting a bearish signal. Enter on a subsequent dip below the EMA crossover area, targeting the resistive zone around 0.1892.
Remember to always check the news and fundamental analysis for potential catalysts affecting the price before making any trading decisions and use appropriate stop-loss orders to protect your investments.