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Ethereum Classic / TetherUS

ETC/USDT Trading Scenario

Oleh Rick_SimpleSwap
After reaching a local high of $39.65, the price of ETC sharply corrected to $18.15, a drop of over 50%. According to the volume profile, the price fell into a local accumulation zone near the Point of Control (POC), from which a reversal movement began. Additionally, there was a third touch of the descending support level. In the current price range, buying the asset is appealing both for adding to a long-term portfolio and for a speculative trade, with potential to close the position around the resistance level of $39.65.
Candlestick AnalysisetcETCUSDETCUSDTethereumclassicpointofcontrolSupport and ResistancesupportandresistancezonestradingTrend Linesvolumeanalysisvolumeprofileanalysis
Rick_SimpleSwap
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