Price: 0.1686 | EMA7: 0.2 | EMA25: 0.26 | RSI14: 37.88 | Resistance: 1.474 | Support: 0.1648 | Average Volume: 40558589.34 | Volume Trend: Decreasing
Based on the 1W chart, VICUSDT appears to be in a downward trend. Here's my analysis:
* The weekly EMA7 and EMA25 are showing a bearish crossover, indicating a trend reversal.
* The RSI14 is oversold (37.88%), which may result in a bounce.
* The MACD is negative and triggering a sell signal.
* Resistance is at 1.474, and support is at 0.1648.
* The average volume is decreasing, indicating a lack of buying power.
For a long/short entry, I would look for a bounce at 0.1648 (support) around 0.1650-0.1665. This could be a good spot to enter a long position.
For a spot buy, I would wait for a clear breakout above the 1.474 resistance level, which could trigger a significant upward move. However, this would require a high level of conviction, as the trend is still bearish.
Please note that this is just a technical analysis and does not constitute trading advice. It's essential to consider other factors, such as fundamental analysis and market conditions, before making a trading decision.