Ethereum Classic Price Analysis:
Trend & Behavior: Price has dropped from 22.33 and is near support at 19.68. If it rebounds from this level, we could see an upward move, but if it breaks below 19.68, the downtrend could continue.
Support & Resistance:
Support: 19.68 is the key level. A bounce here may lead to an upward move toward 21.88 or 22.33.
Resistance: 22.33 and 21.88 are key resistances. If price fails to break them, expect a possible retracement.
Scenarios:
Bullish: If price reacts positively at 19.68, consider buying with targets at 21.88 or 22.33.
Bearish: If price breaks below 19.68, watch for further support at 18.87 or 17.36.
Strategy: Best to enter long if the price bounces from 19.68, but be cautious if it breaks below, as further declines could follow.
Trend & Behavior: Price has dropped from 22.33 and is near support at 19.68. If it rebounds from this level, we could see an upward move, but if it breaks below 19.68, the downtrend could continue.
Support & Resistance:
Support: 19.68 is the key level. A bounce here may lead to an upward move toward 21.88 or 22.33.
Resistance: 22.33 and 21.88 are key resistances. If price fails to break them, expect a possible retracement.
Scenarios:
Bullish: If price reacts positively at 19.68, consider buying with targets at 21.88 or 22.33.
Bearish: If price breaks below 19.68, watch for further support at 18.87 or 17.36.
Strategy: Best to enter long if the price bounces from 19.68, but be cautious if it breaks below, as further declines could follow.
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.
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.