This is weekly chart for ETC.
Price is in a sharp decline for the last 6 weeks losing around %50 of its value.
But there is no sign for a bounce just yet when you check out MACD, RSI or BB.
If price cant break 29.27 resistance level, we will go back down to 24.51 area which is a significant support area.
24.51 - important support
If we cant hold it 24.51 as a bottom in the weekly chart, we will experience a sharp decline.
Targets are as follows,
20.52
18.56
16.27
14.63
12.77
11.54 being the strongest one and will be a good accumulation zone if price ever get there.
ETC is one the altcoins that pumped hard a year ago.
It is a high volume coin which investors can trade on any major platform.
Therefore investors can buy and hodl for the long term. But buy price important. Right now investors should wait before making any risky decisions.
Thanks.
Follow for more charts, ideas and global economy reviews.
Price is in a sharp decline for the last 6 weeks losing around %50 of its value.
But there is no sign for a bounce just yet when you check out MACD, RSI or BB.
If price cant break 29.27 resistance level, we will go back down to 24.51 area which is a significant support area.
24.51 - important support
If we cant hold it 24.51 as a bottom in the weekly chart, we will experience a sharp decline.
Targets are as follows,
20.52
18.56
16.27
14.63
12.77
11.54 being the strongest one and will be a good accumulation zone if price ever get there.
ETC is one the altcoins that pumped hard a year ago.
It is a high volume coin which investors can trade on any major platform.
Therefore investors can buy and hodl for the long term. But buy price important. Right now investors should wait before making any risky decisions.
Thanks.
Follow for more charts, ideas and global economy reviews.