untoldanalysis

Ethereum Classic(ETC) Breaks Long-Term Downtrend Line

Long
BINANCE:ETCUSDT   Ethereum Classic / TetherUS


* 1D


ETC broke through a long-term downtrend line that has continued since May 2021, so it is likely to continue bullish.

Although it is currently facing resistance around $20.95, it is likely to rise further.

TP can be set at $24.86 / $29.13 / $33.90 / $39.42 / up to $44.48.


Comment:

Retest complete
Comment:

It fell after failing to support $20.95
It appears to have retested the long-term downtrend line and $18.35 as well.
Comment:
TP is the same
Comment:

Breaking the downward trend line that has been going down since Dec. 9
Trade closed: target reached:

TP2 hit +75%

TELEGRAM CHANNEL

t.me/untoldglobal
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.