Price: 0.02528 | EMA7: 0.03 | EMA25: 0.04 | RSI14: 39.53 | Resistance: 0.17853 | Support: 0.02308 | Average Volume: 252754457.71 | Volume Trend: Decreasing
Based on the given technical analysis, we can make some observations:
- The price is currently at 0.02528, which is above the Support at 0.02308. This indicates a short-term bullish trend.
- The EMA25 is above both the price and EMA7, indicating a bullish trend in the short to medium term.
- The RSI14 is at 39.525, which is below 50, suggesting that the price may be oversold and due for a bounce.
- The MACD is slightly bearish, but not strongly so.
- The trading activity appears to be decreasing, which may indicate a lack of trading interest.
Recommendations:
- Long Entry: Wait for a higher high or a break above 0.028 (around EMA25) for a better entry.
- Long Entry Alternative: Consider buying at the first touch of the EMA7 (around 0.02778) for a smaller risk.
- Spot Buy: Consider buying at the first touch of 0.026, which could be a support point.
- Short Entry: Wait for a lower low or a break below 0.024 (around Support) for a better entry. However, be cautious as the bearish trend appears weak.
- Take Profit: Target Resistance at 0.17853 for long positions.