Market Analysis of ETCUSDT on Monday 2 May 2024

2024-05-20 18:49Source:BtcDana

ETCUSDT TECHNICAL ANALYSIS SHORT TERM VIEW     

   ETCUSDT  is running in positive  trend and its immediate  strong support are 27.64 to 28.22 level  .Intraday purpose buying is better with stop loss 27.18 level expecting intraday target 28.15,28.30 and 28.50 level respectively.5  minute chart showing it can rise above 29.40 level with stop loss 27.18level.

 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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