Price: 16.75 | EMA7: 16.7 | EMA25: 16.63 | RSI14: 57.09 | Resistance: 17.53 | Support: 16.04 | Average Volume: 13824.5 | Volume Trend: Decreasing
Based on the technical analysis of ETCUSDT at 1h:
- The price is currently at 16.75, slightly above EMA7 (16.70) and EMA25 (16.63), indicating a potential uptrend.
- RSI14 is at 57.09, suggesting the asset is not overbought yet.
- MACD is positive, supporting the bullish momentum.
**Advice:**
- **Long Entry:** A good long entry would be around 16.70-16.80, as it aligns with the current EMAs and shows a stable uptrend. Stop-loss could be set below 16.63.
- **Short Entry:** For a short position, consider around 17.30-17.40, as it's closer to the resistance level of 17.53. Stop-loss could be set above 17.60.
- **Spot Buy:** The best spot buy price would be around 16.50-16.60, near the support zone and below the current EMAs, offering a good risk-reward ratio.
Keep an eye on the decreasing volume trend, as it might indicate a weakening trend. Monitor the price action around the resistance and support levels for further direction.