ETC is moving under 20 from last few days but over all its moving within 17 - 22 area. Still very limited after dropping from 25. ETC is in triangle and holding its main support of 17. If ETC can't h old its main support then it will touch its new low of 2022.
Right now it should hold its main resistance of 22 and if it breaks it then 25 will be its first target but before going up it can retest 22 area. If we see the current scenario of the market then there are less chances to go up but 22 is the strong point which will decide upward or downward movement.
ETC is moving according to the Etherium and if ETH is up then its up and if ETH is down then it will be down as well.
Weekly Chart
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Note
Please never follow anyone blindly and always remember following key points:
1- First and Last thing in trading is patience.
2- Risk management in trading is a Key so use your money accordingly.
3- Please Don't think I'm always right. I could be wrong, same as every other trader.
4- I always posted my thoughts, not financial advice.
5- Please use your mind and try to get knowledge about market. It will help you in future
Thank you and Good Luck!
Right now it should hold its main resistance of 22 and if it breaks it then 25 will be its first target but before going up it can retest 22 area. If we see the current scenario of the market then there are less chances to go up but 22 is the strong point which will decide upward or downward movement.
ETC is moving according to the Etherium and if ETH is up then its up and if ETH is down then it will be down as well.
Weekly Chart
-------------------
Note
Please never follow anyone blindly and always remember following key points:
1- First and Last thing in trading is patience.
2- Risk management in trading is a Key so use your money accordingly.
3- Please Don't think I'm always right. I could be wrong, same as every other trader.
4- I always posted my thoughts, not financial advice.
5- Please use your mind and try to get knowledge about market. It will help you in future
Thank you and Good Luck!