ETC/USDT Technical Analysis
Looking at the current daily chart, we see that ETC is still in an uptrend.The price of the coin bounced from the support level at $19.68 and is currently trying to recover.ETC is currently trading around the level at $21.41 and may test the $22.53 resistance in the short term.If the price can break above the level $22.53, ETC can climb to the $25.79 – $27.07 zone, which stands as a strong selling area. If broken, the next target in the mid-term could be the level at $31.42.$19.68 is still the key support below.If this key support breaks, we should be following the next support levels at $18.75 and $16.65.The lower trend line is at $15.79, which is the main defense level.
Summary
- ETC keeps its uptrend and is trying to hold above $19.68.
- Short-term resistance is $22.53.
- $25.79 – $27.07 is the strong selling zone.
- Supports are $19.68, $18.75, and $16.65.
These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
