Market Analysis of ETCUSDT on Monday 28 August 2023

2023-08-28 12:59Source:BtcDana

ETCUSDT TECHNICAL ANALYSIS SHORT TERM VIEW    

  Etcusdt is running in negative trend and strong resistance area is 15.82 to 17.25 levels . Stop loss is 17.40 and it can fall below 12.60 levels .Last wave is impulse and inner wave 5 also has upside limit generally 17.20.So both the probabilities is indicating fall below 15.20 minimum with stop loss 17.40.Intraday purpose we can sell with stop loss 17.40 expecting 15.60,15.40 and final target 15.20 levels .

QUICK FUNDAMENTAL LOOK                                                                     

Ethereum Classic is a blockchain-based smart contract platform for powering decentralized applications, or DApps.The network has also committed to proof-of-work consensus in contrast to Ethereum’s long-planned transition to proof-of-stake.

POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.

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