1. Overall trend:
1H & 4H frame: The downtrend still dominates, the price is fluctuating around 3.69. The short-term MAs (7, 25) are below the long-term MA (99), indicating that the downtrend is still in effect.
1D frame: The recovery trend from the bottom of 2.35 to nearly 4.1 is occurring but is slightly adjusting. MA(7) is cutting above MA(25), indicating positive signs.
1W frame: The long-term trend is still sharply down from the area of 8 down to 2.35, but the price is showing signs of recovery.
2. Technical indicators:
MA (Moving Average):
On smaller frames (1H, 4H), the price is still blocked by MA(25) and MA(99) above, not confirming an upward reversal.
On the 1D frame, MA(7) is showing signs of cutting above MA(25), which may signal a reversal if maintained well.
On the 1W frame, the price is still below MA(25) and MA(99), indicating that the long-term downtrend has not been broken.
MACD:
1H & 4H frame: MACD is below the signal line, indicating that selling pressure is still present.
1D frame: MACD is slightly positive, showing positive signs.
1W frame: MACD is still deep below the signal line, the long-term trend has not clearly reversed.
Trading volume:
In the 1D frame, trading volume has increased significantly during the rise from 2.35 to 4.1, but is currently showing slight signs of decline.
3. Trading assessment:
Short-term (1H, 4H): No clear buy signal yet, the downtrend still dominates. If the price breaks strongly above 3.70 and maintains above MA(25), consider entering a short-term position.
Medium-term (1D): If the price holds above 3.65 and MACD continues to rise, consider buying when the price tests the support area of 3.65-3.70.
Long-term (1W): The downtrend still dominates, should only buy if the price holds above 3.50 and clearer reversal signals appear.
4. Conclusion:
If you are holding a sell order: You can continue to hold, but need to monitor the level of 3.65, if it breaks, the possibility of further price decline exists.
If you want to buy: Need to wait for confirmation of a stronger upward trend, especially if the price exceeds 3.75-3.80 and the volume increases again.