๐ Spot Technical Analysis: ETC/USDT on Binance ๐ข
Market analysis publication for the trading log and Binance Square:
๐ Key Market Data
๐ช Pair: ETC/USDT (Ethereum Classic)
๐ต Current Price: 9.45 USDT (+5.70%)
๐ป๐ช P2P Reference Price: โ Bs 8.048,09
โ๏ธ Order Book Strength: 71.12% Buys vs. 28.88% Sells (strong buyer dominance)
๐ Chart Reading and Moving Averages
๐ฉ Bullish Momentum: Breakout from prior consolidation starting at 8.53 USDT, reaching a recent high of 9.47 USDT.
๐ Technical Structure:
MA(7): 9.03 USDT (short-term dynamic support)
MA(25): 8.63 USDT (intermediate support)
MA(99): 7.95 USDT (main trend support)
๐ก Technical Comment: Ethereum Classic shows a clear recovery structure on the short/medium timeframe, trading above its three main moving averages (MA7, MA25, MA99). The buying pressure reflected in the order book (71.12%) keeps the bullish candle in the resistance zone of 9.45 - 9.47 USDT.
๐ฌ Do you think $ETC will break the $10 USDT barrier in this run, or will we see a retest of the MA(7) at $9.03? I want to hear your thoughts in the comments! ๐
$ETC BTCUSDT
Market analysis publication for the trading log and Binance Square:
๐ Key Market Data
๐ช Pair: ETC/USDT (Ethereum Classic)
๐ต Current Price: 9.45 USDT (+5.70%)
๐ป๐ช P2P Reference Price: โ Bs 8.048,09
โ๏ธ Order Book Strength: 71.12% Buys vs. 28.88% Sells (strong buyer dominance)
๐ Chart Reading and Moving Averages
๐ฉ Bullish Momentum: Breakout from prior consolidation starting at 8.53 USDT, reaching a recent high of 9.47 USDT.
๐ Technical Structure:
MA(7): 9.03 USDT (short-term dynamic support)
MA(25): 8.63 USDT (intermediate support)
MA(99): 7.95 USDT (main trend support)
๐ก Technical Comment: Ethereum Classic shows a clear recovery structure on the short/medium timeframe, trading above its three main moving averages (MA7, MA25, MA99). The buying pressure reflected in the order book (71.12%) keeps the bullish candle in the resistance zone of 9.45 - 9.47 USDT.
๐ฌ Do you think $ETC will break the $10 USDT barrier in this run, or will we see a retest of the MA(7) at $9.03? I want to hear your thoughts in the comments! ๐
$ETC BTCUSDT
