ETC/USDT Technical Analysis 📊: Buying, Selling, and Stop Loss Targets 🎯
Current Price: 34.31 USDT
Support Level: 33.62 USDT
Resistance Level: 34.57 USDT
Trading Data:
24h High: 34.52 USDT
24h Low: 31.11 USDT
24h Volume (ETC): 3.60M
24h Volume (USDT): 118.98M
Technical Analysis:
Price Trend: ETC has gained +3.59%, reflecting bullish momentum.
RSI (Relative Strength Index): RSI indicates a moderate bullish condition with potential continuation.
Moving Averages: Price is trading above the short-term moving averages, suggesting a continued upward trend.
Support and Resistance Zones: The support is at 33.62 USDT, while resistance is found near 34.57 USDT.
Step-by-Step Trading Strategy:
Buy Signal:
Look for a potential bounce near the support zone at 33.62–33.70 USDT.
A breakout above 34.57 USDT could signal further upward momentum.
Sell Signal:
Take profit at the resistance level near 34.57–34.70 USDT.
Extended target: 35.00 USDT if the bullish trend continues.
Stop Loss:
Set a stop loss below 33.62 USDT to protect against further downside.
Target Price:
Short Term: 34.57–34.70 USDT.
Medium Term: 35.00 USDT, contingent on a successful breakout.
Important Notes:
ETC is currently in an uptrend, but monitoring price action at key resistance levels is important.
Risk management through stop losses is crucial in volatile market conditions.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and trade responsibly.