Hello traders,
Here is a new and updated analysis of Ethereum Classic( ETC-USDT ) on the 30 minute chart.
We have a superb rise last days and my targets where hit even sooner than I expected. I predicted before 10th of May 127 USD but it happened already today on the 6th of May.
Note that the volume is still very high which is a very good sign at this moment.
I see still higher targets for Ethereum Classic but be aware to place your stops because with such a parabolic rise Ethereum Classic ETC can also easely pause the uptrend for a while or have a correction when volume dries up and there is no demand anymore.
Therefore here the new targets and support for Ethereum Classic are now:
-> Target 1 169 USD
-> Target 2 218 USD
-> Target 3 270 USD
-> Target 4 300 USD
Support for ETC is now at 147, 137, 127 and 119 USD.
The market is very volatile so good stops in strategic places are needed to protect profits.
Discalaimer: this is not a trading advice but purely my personal view on this fund.