Market Analysis of ETCUSDT on Thursday 17 August 2023

2023-08-17 12:17Fonte:BtcDana

ETCUSDT TECHNICAL ANALYSIS SHORT TERM VIEW     

 Etcusdt is running in negative trend and strong resistance area is 17.60 to 18.68 levels . Stop loss is 19 and it has made double zigzag correction which is about to complete or completed .It can sharply fall below 15.73 level anytime so selling is preferable with stop loss 19 for downside targets 15.73 in very short term and its main target is 12.60 level for positional traders with same stop loss 19.

 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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