-After a strong move up last June 22 by almost 100% increase -ETC failed to regain above the 50D Moving Average -This Moving Average acted as a dynamic resistance zone -Now, the price is retesting the support area number 1 -If we can see a strong bounce from here, I expect a retest of 50D MA again -But if this support failed, the potential level to watch is the 200D Moving Average -ETC is likely shifting to range-bound trading in the coming weeks -So please be cautious buying at support or looking for a long term position -Good luck traders! please manage your risk properly
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