Market Analysis of ETCUSDT on Monday 11 NOVEMBER 2024

2024-11-11 20:06Source:BtcDana

ETCUSDT TECHNICAL ANALYSIS SHORT TERM VIEW    


 ETCUSDT running in positive trend and its immediate strong support are 21.15 to 22.07 level .  Stop loss is 21 level and it can rise upside 24 level expect for wave 5 from this support .Intraday purpose buying is better for targets 23.05,23.20 and 23.40 levels respectively with stop loss 21 level.


QUICK FUNDAMENTAL LOOK                                                                    


"Crypto hedge funds have really thrown in the towel on bitcoin lately. They have reduced their bitcoin market exposure to only 0.37 over the past 20 trading days, the lowest level since October 2020," ETC Group Head of Research André Dragosch said.


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

More