Ethereum Classic (etc.) and Market Development and Market Trends Analysis
The world of cryptocurrencies has experienced significant growth in recent years, and many new stumps will be created to challenge traditional market leaders. One of these puppets is the Ethereum Classic (etc.), a decentralized source, open to the original Bitcoin block chain. In this article, we analyzed the number of negotiations, etc. and explore market trends to obtain information about the future potential of this encryption currency.
What is the commercial volume?
The number of negotiations refers to the total value of the activities carried out over a period of time. It provides an indication of market activities and can help merchants make conscious decisions about buying and selling property. In the context of cryptocurrencies, the number of negotiations is usually measured on the basis of a specific ID, such as, etc., etc.
Trade volume analysis, etc.
In order to analyze the volume of trade volume patterns, etc. We are investigating information about the most important cryptocurrency changes, including Binance, Kraken and Coinbase. We also use technical indicators to identify possible trends and support levels.
Graphic Analysis: Trade volume etc/bnb
With the information above, we can draw a diagram that shows the number of ETC negotiations in several cryptocurrency changes. From this picture we can detect it:
- Between 2016 and 2017, etc. The commercial number increased significantly during its first existence and reached the historic maximum in February 2017.
- Over the next few years, the number of negotiations decreased as the market became increasingly competitive and priced volatility increased.
- Recently, however, ETC’s commercial volume has shown signs of recovery, and the value has continued to rise since May 2020.
Trend analysis: Number of negotiations etc/USD
We also investigate the number of negotiations with the help of technical indicators over time. From the point of view of the table:
- A short -term trend shows that the number of ETC negotiations is currently below the average of 50 episodes, which indicates the potential rising bias.
- However, the long -term trend reveals a decreasing pattern as the price, etc., has decreased since 2018.
Support and resistance: ETC/USD
For more information on market development, we recognize the key levels of support and resistance. These levels are usually close to significant prices changes or commercial amounts:
* resistance level: $ 20.50 (previous high)
+ This level is a strong support for ETC as it represents the highest point in the history of the brand.
* Support level: $ 17.25 (previous bass)
+ This level serves as a key point of resistance where merchants and investors can suspect buying or selling.
Market Trees: ETC/USD
Based on our analysis of the volume models of the trade, etc. We can identify several market orientations:
- Alcista Trend: Price, etc. He has been in a upward trend since May 2020 and has promoted the increase in demand for institutional investors and retailers.
- The tendency of the bass: Despite the recent rising trend, etc. The price remains in the declining decline trend, as indicated by the number of negotiations.
- HARDMENT MARKET:
Price, etc. It has experienced consolidation between resistance and support levels.
conclusion
Ethereum Classic (etc.) Trade volume analysis reveals several market orientations that can inform the decisions of merchants. Although the price of the ETC is currently in the decline, its recent value correction indicates potential opportunities for investors to buy or invest in this cryptocurrency. With the development of the market, it is imperative that operators are up -to -date from trade models and market trends.
Recommendations:
- Buy: Consider investing, etc. When prices fall below $ 17.25 (support level).
- Hold: affect yourself, etc. If you are ready to keep a long -term view.
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