ETC 1D There is interest in the coin, but for how long?
From September to mid-November - 2.5 months, the accumulation of Classic continued.
As a result, a powerful shot upwards by +60% at decent volumes.
However, the previous high could not be updated, although the global target, where sellers should drive the price, is in the range of $9.70-10.
Now a few scenarios for the coming days-weeks:
1) ETS fixes above $6.40 - the result is: continued growth to the zone $7.40-7.80, where sellers should become more active.
- if sellers cannot protect the last bastion $7.40-7.80 from the invasion of buyers, then the price will be broken up to the zone of $9.70-10.
2) the most pessimistic forecast is that if buyers do not have enough strength even to fix above $6.40, then the price may fall like a stone downward. The level $3.50 is waiting.
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
As a result, a powerful shot upwards by +60% at decent volumes.
However, the previous high could not be updated, although the global target, where sellers should drive the price, is in the range of $9.70-10.
Now a few scenarios for the coming days-weeks:
1) ETS fixes above $6.40 - the result is: continued growth to the zone $7.40-7.80, where sellers should become more active.
- if sellers cannot protect the last bastion $7.40-7.80 from the invasion of buyers, then the price will be broken up to the zone of $9.70-10.
2) the most pessimistic forecast is that if buyers do not have enough strength even to fix above $6.40, then the price may fall like a stone downward. The level $3.50 is waiting.
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
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🎁 -20% on ALL trading fees OKX
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.