readCrypto

Ethereum Classic (ETC) - May 17

readCrypto Mod Updated   
BITFINEX:ETCUSD   Ethereum Classic
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You need to make sure you can get support above 50 EMA on the 1W chart.
You should also see if you can climb above the 7.008 point.

I think it is in a good position to climb.
However, depending on the market situation, I think that you should always trade according to the market situation, as it may fall without saving opportunities.

If you fall below the 5.889 point, which is the most important point in the vicinity of Low, you can say that you don't know how much it will actually fall.
The 5.889 point is a very important point, so it must be absolutely supported.

If you get a good chance and get support at point 7.008, you're likely to touch near point 10.380.

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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.

Description of abbreviations shown in chart
R: A resistance point or section where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section where purchase is possible to generate profits as a support point or section
Comment:
(ETCUSD 4h chart.)
It is located between the blue and orange lines, near 50 EMA on the 1W chart.

You can sidewalk between a maximum of 6.442 and 6.802.
However, I believe the closing price of the 1D chart must be generated above 50 EMA of the 1W chart to expect further gains.

If the closing price is generated above the blue line, it is more likely to rise.

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
Disclaimer

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