Here is a new and updated analysis of Ethereum Classic( ETC-USDT ) on the 30 minute chart. We have a superb rise last days and my targets where hit even sooner than I expected. I predicted before 10th of May 127 USD but it happened already today on the 6th of May.
Note that the volume is still very high which is a very good sign at this moment.
I see still higher targets for Ethereum Classic but be aware to place your stops because with such a parabolic rise Ethereum Classic ETC can also easely pause the uptrend for a while or have a correction when volume dries up and there is no demand anymore.
Therefore here the new targets and support for Ethereum Classic are now:
Support for ETC is now at 147, 137, 127 and 119 USD.
The market is very volatile so good stops in strategic places are needed to protect profits.
Discalaimer: this is not a trading advice but purely my personal view on this fund.
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Traders it is always good to take profits from the table. What goes up so fast can come down fast. This chart is a new roadmap for ETC CLASSIC. Keep a good eye on the support levels and targets.
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Traders, pease share your thoughts and idea's and very important to explain the how and why. Thanks!
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My last analyse from ETC you find here. The targets where both reached so that is why we have here an updated analyse / roadmap for Ethereu Classic.
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Our first support was exactly hit at 145 USD. It goes really fast here!
Fasten your seatbelts traders! This is formule 1.
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Okey now we are almost fallen back to support 2. In my opinion a perfect buy would be around the 100 USD level. Then have patience for a new ride but never drive without fasten your seatbelts!
@ZeynebKadir, Thank you too and I hope you make good profits. I am always happy to help!
sdeebutt33
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So it’s good for hold ?
Ether2020
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@sdeebutt33, Hello! That is the million dollar question always. the crypto market is really volatile and we have constant pump and dump actions from the big boys. I always ask myself who is buying at the top. Personally I like to buy low and sell high. Patience is needed for that. Waiting like a sniper and then at the right moment.
At this moment I think the 95-100 level looks good for a buy with a stop under thel low before. Stops are always needed. If ETC dives lower it can correct much more but it is not what I expect. I think it will bounce of that level. In TA there are a few thing extremely important. Risk Reward and Money management, Never ever risk more that 1% of your capital on a single trade. One example. If you buy at 100 and your stop is 99 then you have a risk of 1 dollar snf can risk 100% of capital. If the stop however is at 90 than your risk is 10% and you can only invest 10% of total capital.
Believe me, keep you on that simple rule otherwise you will lose money in the long run. Different is Buy and Hold! but if you are trading without stops you are automatically forced to buy and hold or better, buy and hope.
I hope this help you a little! Wish you good trading!
sdeebutt33
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@Ether2020 thanks dude I’ll follow what u have teach me but maybe this time I need to hold it till I get back to the point where I buy 🤞