Ethereum Classic: technical analysis
Yesterday, Ethereum Calssic (ETC) opened negotiations at $ 29, testing the lows in area 27.77 and then retrace completely, projecting in area 34.15 and close the session at 33.15 dollars. The resistances to be monitored are: 37.47 and subsequently 42.51 dollars, while for media: 27.98 and 23.47 dollars. The two long-term moving averages (100 and 200) are currently oriented upwards and equidistant among them, highlighting a trend strength, being respectively in 25.89 and 21.76 dollars.
For those who want to buy
Waiting for a retracement in the area of $ 32 before entering the upside, with a stop loss in the area of $ 27 and the first target in the area of 37.42 and then at $ 42.51.
For those who currently hold the title
Keeping the position since we are in a sharply bullish trend.
For those who want to sell
Possible bearish admissions only to the break of the static support in the area 27.98 dollars with a stop loss positioned at 32 and the first target area 22/23 dollars.