technical analysis and trade signal for $ETC /USDT with three target levels and trade momentum:
Current Price: $34.38
24h High: $34.52
24h Low: $31.11
Key Support and Resistance Levels:
Support: $31.00 - $32.00
Resistance: $34.50 - $35.00
Technical Indicators:
RSI (14): Currently around 60, showing moderate bullish momentum.
MACD: The MACD line is above the signal line, indicating positive momentum.
Volume: Strong trading volume in the last 24 hours, suggesting market activity is active and could support a continuation trend.
Trade Momentum:
With the price holding above $32, the momentum leans bullish. A break above the $34.50 resistance could signal further upward movement.
If the price fails to hold above $32, a retracement towards the $31 support level could occur.
Trade Signals and Target Levels:
1. Target 1 (Short-term): $35.00
Entry: Buy near $34.00
Target: $35.00
Stop-loss: $32.50
Reason: Resistance zone near $35.00, with bullish momentum confirmed by indicators.
2. Target 2 (Medium-term): $36.50
Entry: Buy on confirmation above $34.50
Target: $36.50
Stop-loss: $33.00
Reason: Stronger bullish sentiment with increased volume, aiming for a continuation pattern.
3. Target 3 (Long-term): $38.00
Entry: Accumulate on dips around $34.00 to $35.00
Target: $38.00
Stop-loss: $32.00
Reason: The overall trend seems upward if the market continues to hold strong.
Trade Momentum Conclusion:
With the RSI indicating bullish momentum and the MACD showing upward movement, the outlook is positive.
Monitor price action around $34.50, as a break above this level could confirm further upward movement.
