Price: 0.7959 | EMA7: 0.78 | EMA25: 0.86 | RSI14: 27.16 | Resistance: 1.884 | Support: 0.29 | Average Volume: 24593074.27 | Volume Trend: Decreasing
Based on the given technical analysis of ZKCUSDT at 4h:
1. Current price: 0.7959, slightly above the EMA7 (0.7802) and significantly below the EMA25 (0.8605).
2. RSI14 is at 27.16, below 30, indicating an oversold state.
3. MACD is negative, also indicating bearish momentum.
4. Despite the current price, the overall trend appears bearish due to lower volume and decreasing trend.
5. Considering the Resistance at 1.884, any Long entry might not be viable unless the price breaks through a significant point close by, otherwise, waiting for a lower price entry could be more sensible.
6. Long entry might be better at lower price levels, near or below EMA25 levels (around 0.85, considering some support).
Best Long entry price:
- Above 0.79 but with some caution
- Below EMA25 (0.85), with lower price entry near 0.75.
Best spot buy price: Not recommended due to bearish momentum, wait for price correction or stronger bullish indication.
Please keep in mind that this is not investment advice. It is always recommended to consult additional data sources and risk management strategies before making any investment decisions.