What’s up guys. Looking at this chart we can see the price action ETC has had. So far the area we are bouncing between 38-42 $ is critical area we would love to see hold on a bullish potential. However the way the markets are looking it’s hard to expect it will be able to flip that to new support. It is an area to watch however if that area is lost then it’s clear to see the areas we can bounce from are easily another 50% or more down from here. Usually in a monster run like etc had its easy to see that when you run up that fast you don’t consilidate enough to create solid support below causing a hard fall
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.