Price: 0.02273 | EMA7: 0.02 | EMA25: 0.02 | RSI14: 60.26 | Resistance: 0.0246 | Support: 0.02164 | Average Volume: 9508160.83 | Volume Trend: Decreasing
Based on the provided technical analysis of VETUSDT at 1h, here are my observations:
- **Bullish/Bearish Trends**: The EMA25 ($0.022491533726978) is below EMA7 ($0.02268822433532), indicating a bearish trend. However, the slight crossover of EMA7 and EMA25 might signal a potential reversal.
- **Oversold/Bought**: The current RSI14 (60.257622413552) is neither overbought nor oversold, indicating that the price might continue in the current direction. However, a reading above 70 suggests overbought, and below 30 suggests oversold.
- **Momentum**: The MACD ($0.00014201044332799) is below the signal line, indicating a bearish momentum. However, the MACD histogram is very close to zero, suggesting a potential change in momentum.
- **Resistance**: VET is currently trading close to the resistance level of $0.0246. A short entry could be considered near this level for a potential price drop to the support level.
- **Support**: A long entry might be considered near the support level of $0.02164 for potential price increase. However, please consider waiting for confirmation of price action.
**Recommendations**:
- Short entry at $0.0245 with a stop-loss above $0.025 and a take-profit at $0.0235.
- Best Long entry: Consider waiting for confirmation of price action at the support level $0.02164, or near EMA7 for potential price increase.
- Best Spot Buy price: Wait for confirmation at $0.0217 - $0.0218 for a potential price increase to the resistance level.