Price: 2.83 | EMA7: 3.13 | EMA25: 4.46 | RSI14: 33.49 | Resistance: 35.8 | Support: 0.961 | Average Volume: 10448377.01 | Volume Trend: Decreasing
For VANAUSDT at 1w, given the current price is 2.83:
- The price is below both EMA7 (3.13) and EMA25 (4.46), indicating a downtrend.
- RSI14 is at 33.49, suggesting the asset is approaching oversold territory, which could indicate a potential reversal or bounce.
- MACD is negative (-1.08), reinforcing the downtrend.
**Long Entry Advice**: Consider a long position if the price bounces off the support at 0.961 or shows significant bullish reversal signs. A cautious long entry could be around 2.5-2.7 if there's a clear reversal candle or pattern. More conservatively, wait for the price to climb above EMA7 (3.13).
**Short Entry Advice**: Given the downtrend, a short entry could be considered near resistance or upon failure to break above EMA7 or EMA25. A potential short entry price could be around 3.2-3.5 if the price approaches EMA7 and shows resistance.
**Spot Buy Price**: A good spot buy could be around the support level at 0.961, or slightly above it if you can get a good entry there. Alternatively, a more conservative entry could be upon a clear reversal signal near the current price or slightly higher, ideally with a break above EMA7.
Keep an eye on volume; a decreasing volume trend during a downtrend could indicate a drying up of selling pressure, potentially leading to a reversal. However, significant buying interest (increasing volume) is needed to confirm a reversal.