ETC Short Term View

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ETC Prediction and Price Analysis Until Price Reached its Target Zone.

At the time when i am writing ETC Classic Price is at the Buying Zone probably by this weekend the prices will remain in the Buying Zone Areas and from Next Week onwards
we might see move towards UpSide for 8-10% which are Target Zones.

Target Price $32.90-$33.50 Price could go for $34 levels if there will be High Volatility and My View is From the Target Zone and $34.00 we will see a Bearish Side in ETC Classic.
On the other hand if ETC Price Sustained the Target Zone as a Support then we might see Upside Moves however chances are less and also depends on the Markets movement in future.

Support Zone for the Target $32.026-$31.702

$30.00 Will be LOW from its current Price Below $30.00 is another sign of Berish if Prices could not sustain its current Price Levels where Buying is Happening.


Conclusion:
Currently the market structure is weak but Short Term View for the ETC Classic is for LONG until reached the Target.

Disclaimer:
The Shared information is only for informational and educational Purposes only and not to be taken for any Trade Execution, Kindly Do your on Analysis for any financial Decision.

Trade closed: target reached:

Since the Target is Met Today Already due to High Volatility Considering the reason for reaching the Target of the HIGH Volatility from the Seller end now when looking in the Technical Chart it indicates there is a High Chances of Selling from its current price levels there is catch which is if prices cross $33.00 Price Levels then Upside is Possible but its less likely going to Happen and there is high likely wood Price will Drastically fall from its current price levels when i am writing $32.498 so LONG side is over.

Comment:

Price of the ETC is coming back to Buying Zone Again.
If its gets a Support in the buying Zone Areas then Price will Bounce back for the Upside on the other hand if prices falls below Buying Zone it will be the sign of Bearish however I think price will go down till Price $29.40 Apx.(For a Wig Formation) Then Chances are price will rebound for the Upside for temporary.