Hello Traders!
ETC is moving within the downtrend. An aggressive upward movement started after news about miners switching to ETC mining from the ETH, after which the price received a reaction from the resistance level of $44.50. At the moment, the price is testing MA100 on the weekly timeframe.
If the price downtrend continues, it will be interesting to consider buying.
The range for asset accumulation will be a zone of $11.30-14.50.
The targets will be the levels of $29.00 and $44.50
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
ETC is moving within the downtrend. An aggressive upward movement started after news about miners switching to ETC mining from the ETH, after which the price received a reaction from the resistance level of $44.50. At the moment, the price is testing MA100 on the weekly timeframe.
If the price downtrend continues, it will be interesting to consider buying.
The range for asset accumulation will be a zone of $11.30-14.50.
The targets will be the levels of $29.00 and $44.50
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice