BINANCE:ETCUSDT.P   Ethereum Classic / TetherUS PERPETUAL CONTRACT
#ETC/USDT
$ETC is dropping to touch middle line of descending parallel channel that is the same with long term support zone between $15.7 and $13.5 and weekly descending support line.

🐻 breaking down from middle line can drop price to support zone around $7.5 and even more dip to lower line of channel around $4.

🐮 holding support zone and rejection from middle line of channel can help bulls start a rally to upper line of channel and break out from upper line will increase price to weekly descending resistance.


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.