Ethereum Classic (ETC) Analysis 5/05 ETC-USD

At Ethereum Classic (ETC / USD) it is currently exciting. Because the course is preparing for a possible breakout from an ever-narrowing trading range. Chartically, this formation is a rising triangle, with the outbreak expected to be up. If that happens, it usually happens with high volumes, which is very bullish.

The price target of this breakout is at least $ 28.00. Since a triangle is almost a 50/50 situation, the eruption can of course also take place on the downside. However, prices below $ 17.75 should not be undercut, as otherwise the continuation of sideways consolidation would result.

This is NOT investment advice and does not require buying or selling. Every reader is aware of this and makes their own investment decision with their own understanding of risk management!
Cheers Jessy