use larger timeframe for higher price targets, 15 minute timeframe for day trading only.

$AVA
1. Current Price:

Last price: 1.9106 USDT

24-hour change: -7.64% (significant downtrend).

24-hour High: 2.4438, 24-hour Low: 1.8301.

2. EMA Indicator:

EMA(7): 1.91

EMA(25): 1.94

EMA(99): 2.03

Analysis: The current price is below the 7, 25, and 99 EMAs, confirming the bearish trend.

3. RSI (Relative Strength Index):

RSI(6): 43.69

RSI below 50 indicates bearish momentum and buying weakness. Has not reached the oversold zone.

4. MACD:

DIF: -0.0264, DEA: -0.0356

MACD histogram: -0.0092 (below 0).

MACD is still negative, indicating a continued bearish trend.

5. Stochastic RSI:

Stoch RSI: 71.78 (approaching overbought).

This indicates limited upside; if momentum weakens, price could correct again.

6. Volume:

Volume is quite low, indicating a lack of strong buying interest.

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Trading Signal:

Current trend: Bearish.

Nearest support: 1.83 USDT (24-hour low).

Nearest resistance: 1.94-2.03 USDT (EMA 25 and EMA 99).

Scenario:

1. If price breaks through support at 1.83, there is a chance of further downside. Consider going short with a tight stop-loss.

2. If the price goes back above EMA 7 (1.91) and there is confirmation of increasing volume, consider a long position for the target of 1.94-2.03.

Recommendation: Wait for clearer direction confirmation, or use a scalping strategy on a smaller timeframe if volatility increases.