ETC is performing really well at different price levels. However, buying now is a very bad idea. The $19 level is a good spot; there's a high chance it will dip to that point again. Comparing it to Bitcoin, Bitcoin has already doubled in value, but ETC hasn't, just like many other altcoins. During Bitcoin’s correction phase, there will be great opportunities to buy as many altcoins are likely to retest their lows.
Looking at the monthly charts, it still looks bearish. On the weekly chart, we're seeing the start of an upward momentum. Daily charts show heavy overhead selling pressure; a pullback is likely soon. It's more important to monitor Bitcoin and see how it recovers. If there's strong buying around 40k for Bitcoin, then it would be safe to go ahead and buy altcoins.
For ETC, prices at $15 or lower are really attractive entry points for purchasing.
English t.me/CCPRtrEn The published information does not constitute investment advice, financial advice or trading advice. I recommend doing your own market research.
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English t.me/CCPRtrEn The published information does not constitute investment advice, financial advice or trading advice. I recommend doing your own market research.
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لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.