Price: 22.6 | EMA7: 22.72 | EMA25: 21.95 | RSI14: 61.5 | Resistance: 24.28 | Support: 16.69 | Average Volume: 26676.21 | Volume Trend: Decreasing
Based on the 1-hour chart of ENSUSDT, here's my analysis:
- Bullish trend: EMA7 is above EMA25, indicating a short-term uptrend.
- Neutral bias: RSI14 is around 60, which is a neutral reading.
- BUY Signal: MACD is above the zero line and is increasing. A long entry can be considered if the price breaks above the EMA25 or 22.8 resistance.
- Best Long entry price: $22.6 - $22.8.
- Overbought condition: Be cautious if prices touch $24.28 resistance, as a pullback is likely.
- As the Volume Trend is Decreasing, consider the price around Support at $16.69 for an attractive Long entry price after a pullback.
**Short position**: I see no clear short setup yet, but if prices break below $21.9, consider a Short entry.
**Spot Buy Price**: The spot buy price appears to be unattractive considering the increasing prices, but if you're tempted to buy near support, 18.69 might provide a more desirable entry opportunity.