Hello Traders!
ETC continues to move in a downtrend, completing the previous business cycle.
The price range of $11.30 - $14.50, from which the acceleration of upward movement began in the spring of 2021, will be a comfortable zone for formation of a medium-term position.
It will be necessary to close the position by stop-loss only in case of decrease of the price under the support level of $7.28.
It will be a good opportunity to fix profit on such deal within the price range of $29.00 - $44.50
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
ETC continues to move in a downtrend, completing the previous business cycle.
The price range of $11.30 - $14.50, from which the acceleration of upward movement began in the spring of 2021, will be a comfortable zone for formation of a medium-term position.
It will be necessary to close the position by stop-loss only in case of decrease of the price under the support level of $7.28.
It will be a good opportunity to fix profit on such deal within the price range of $29.00 - $44.50
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice