Price: 0.06467 | EMA7: 0.07 | EMA25: 0.07 | RSI14: 41.69 | Resistance: 0.1331 | Support: 0.03 | Average Volume: 139451656.89 | Volume Trend: Decreasing
Based on the given daily chart data for SIGNUSDT, we can see the following:
1. Price: Current price is around 0.06467 (as of July 2021).
2. EMA7 and EMA25: The 7-day exponential moving average (EMA7) is around 0.065604758817781, while the 25-day exponential moving average (EMA25) is around 0.068219405024436. If we are considering short-term trading, a good entry point might be around the EMA7 level, which is currently above the current price.
3. RSI14: The RSI (Relative Strength Index) value for the previous 14 days is around 41.687097511945, indicating the token is oversold but still has some room to move up. A potential entry point could be when the RSI crosses above the oversold level (around 30).
4. MACD: The Moving Average Convergence Divergence (MACD) value is -0.0023415363632163. While this stays negative, it may not provide concrete buy signals but could suggest possible consolidation or a period of sideways movement before potential price increase. A bullish crossover of the MACD above the signal line may give a stronger entry signal.
5. Resistance: The first significant resistance level is around 0.1331.
6. Support: The token has strong support around 0.03.
7. Volume: The average trading volume is high at 139,451,656.89231 SIGNs per day, indicating potential buying interest.
8. Volume Trend: The volume is experiencing a slight decreasing trend, suggesting caution regarding potential buying decisions during this period.
Taking all aspects into account, the suggested entry points are:
Long-term: When the RSI crosses above the oversold level (around 30) or the MACD crosses above the signal line while considering the resistance level at 0.1331.
Short term: Aim for buying SIGNUSDT when the price crosses above the resistance level of 0.03 after a potential bullish crossover of the MACD above the signal line while the RSI is showing oversold conditions. As mentioned, it is advised to take these entry decisions after considering the decreasing volume trend.
It is vital to wait for the best market conditions with the highest volume or when the potential entry points align positively before committing your funds to buy or sell SIGNUSDT.