ETCUSDT
ETC/BTC (Target Key Support Below)ETC/BTC
-Ethereum Classic broke the local support at 6174 sat range
-The price started falling further, If we look at the chart
-We can see the Key support is located around 5000 area
-This zone will be crucial for the Bulls
-But will be another buying opportunity for potential strong bounce reaction
-Aggressive traders will start scaling in at 5000 area to hit a high reward trade
-While conservative traders will wait until the break of trendline resistance
-If you are a long term investor, I recommend buying at key support
-This will give you more buying power to load your bags :)
Ethereum Classic (ETC) - August 12Hello?
Dear traders, nice to meet you.
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We'll see if it can rise above the 7.008 point.
If you're supported at 7.240, chances are you'll touch near 8.3.
If it falls, we need to make sure we get support at 6.264-6.442.
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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)
ETCUSDT AnalysisPeople who listened EngineeringRobo's BUY signals such as Buy 2 & BULL an bought, enjoy your 19.15% PROFIT that you made just in one week!
As of now, do not hurry to sell since the candles are still above the support level (6.35) or you can wait EngineeringRobo's SELL signals.
If the want to buy, the risk reward ratio is lower than 2 (1.19) so I don't recommend you to buy at this time.
ETCUSDT prepare for breakdown.From the altos, if we talk about the global long scenario, I really like ETC.
The altos showed excellent momentum yesterday, with some going down more than 10%. BTC, on the other hand, did not appreciate the general trend, and when the market noticed that the cue ball was not spilling, the alts also bounced.
I think many have noticed the ascending triangle on ETC.
Let me remind you for those who do not know how to work. We go only at the breakout or retest of the support level.
All profit.
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