ETCUSD: How to Trade the Coin Without Solid Background

I don't believe in this market as the asset for the long term investing, but as the coin for trading with close targets, why not?

The price reached the resistance line SMA200, and we can get a reversal. If you hold this coin from 4.00 levels, probably it is the right time to fix at least the part of profit.

When the price broke the downtrend line, it was a good buy signal based on a trend reversal. If you missed this opportunity, the new one will be after a correction movement. We have a possible support zone formed SMA100 and the local uptrend line. It will be possible to buy from this zone using a reversal signal. If the price breaks this support, there will be a new attempt to reach 3.50 bottom one more time. The price action at this bottom will be able to give a good buy opportunity as well.



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.