ETC/USD (Test 1st Key Support Area)

17 de jul. de 2021

💎Technical Analysis Summary💎


ETC/USD

-After a strong move up last June 22 by almost 100% increase
-ETC failed to regain above the 50D Moving Average
-This Moving Average acted as a dynamic resistance zone
-Now, the price is retesting the support area number 1
-If we can see a strong bounce from here, I expect a retest of 50D MA again
-But if this support failed, the potential level to watch is the 200D Moving Average
-ETC is likely shifting to range-bound trading in the coming weeks
-So please be cautious buying at support or looking for a long term position
-Good luck traders! please manage your risk properly




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