Price: 0.583 | EMA7: 0.58 | EMA25: 0.59 | RSI14: 34.73 | Resistance: 0.641 | Support: 0.566 | Average Volume: 123717.26 | Volume Trend: Decreasing
Based on the 1-hour chart, SUSHIUSDT is showing signs of a potential recovery. Here are my analysis and recommendations:
1. Trend: The price is currently above the EMA7, indicating a short-term uptrend. The EMA25 is also pointing upwards, supporting this trend.
2. RSI: The RSI14 is at 34.73, which is oversold territory. This suggests that the price may be due for a bounce.
3. MACD: The MACD is in a bearish crossover, but the MACD line is close to crossing above the signal line, indicating a potential bullish divergence.
4. Resistance and Support: The immediate resistance is at 0.641, while the support is at 0.566.
Recommendations:
* Best Long/Short Entry Price: 0.581 (around the EMA7) or 0.573 (at the support level) for a long entry, or 0.597 (around the EMA25) for a short entry.
* Best Spot Buy Price: 0.566 (strong support level) or 0.585 (at the EMA7).
Please note that these are just my technical analysis opinions and should not be used as trading advice. It's essential to consider other market indicators and your own risk tolerance before making any trades.