#ETC 1W: Stable Asset with Growth Ahead. 11/28/24
This is a long-term, consistently stable asset. Its price is influenced by Ethereum’s (ETH) dynamics, often following ETH’s price movements.
For over 1,000 days, the asset has traded within a sideways range, suggesting liquidity accumulation and a consolidation phase, where the price remains relatively unchanged. Such phases often precede significant growth.
Currently, resistance is at the upper boundary of the range, which may not be broken on the first attempt, potentially causing a pullback to current levels. In any case, it’s reasonable to begin building a spot position from current levels and consider swing trades with further accumulation on corrections. Targets are shown on the chart.
Personally, I anticipate further growth after breaking through resistance and plan to open a long position on the pullback.
DYOR.
For over 1,000 days, the asset has traded within a sideways range, suggesting liquidity accumulation and a consolidation phase, where the price remains relatively unchanged. Such phases often precede significant growth.
Currently, resistance is at the upper boundary of the range, which may not be broken on the first attempt, potentially causing a pullback to current levels. In any case, it’s reasonable to begin building a spot position from current levels and consider swing trades with further accumulation on corrections. Targets are shown on the chart.
Personally, I anticipate further growth after breaking through resistance and plan to open a long position on the pullback.
DYOR.
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.