Market Analysis of ETCUSDT on Thursday 9 May 2024

2024-05-09 17:51Source:BtcDana

ETCUSDT TECHNICAL ANALYSIS SHORT TERM VIEW     

  ETCUSDT  is running in negative  trend and its immediate  strong resistance are 27.44 to 27.80 level  .Intraday purpose selling is better with stop loss 27.95 level expecting intraday target 26.90,26.80 and 26.80 level respectively.5  minute chart showing it can fall below 26.72 level with stop loss 27.95 level.

 QUICK FUNDAMENTAL LOOK                                                                     

The native token of Ethereum Classic, ETC, is used for transaction fees and as a reward for miners within the network. Unlike its counterpart Ethereum, which has moved towards a PoS consensus algorithm, Ethereum Classic continues to reinforce its PoW mechanism.

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

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