💎 ETC has recently displayed significant market dynamics. Currently situated in the support area, which previously acted as resistance, ETC's movement hinges on the validity of the ongoing retesting phase.
💎 A successful bounce from this support level would signal a continuation of the upward trajectory, targeting the next milestone at the supply area of 27.80. The supply level holds critical importance, as a successful breakout would probability pave the way for a smooth movement toward our ultimate target in the robust resistance zone.
💎 However, a failure to bounce from the support area and a subsequent breakdown would confirm a false break, prompting a shift back to bearish sentiments. This reversal could initiate a downward movement towards the demand area.
💎 Bouncing from the demand area becomes imperative for ETC's journey towards the target. To sustain the upward momentum, ETC needs to break and reclaim the area above the support. Failure to achieve this would result in a continuation of the downward movement, retracing back to the formidable support area.
💎 A successful bounce from this support level would signal a continuation of the upward trajectory, targeting the next milestone at the supply area of 27.80. The supply level holds critical importance, as a successful breakout would probability pave the way for a smooth movement toward our ultimate target in the robust resistance zone.
💎 However, a failure to bounce from the support area and a subsequent breakdown would confirm a false break, prompting a shift back to bearish sentiments. This reversal could initiate a downward movement towards the demand area.
💎 Bouncing from the demand area becomes imperative for ETC's journey towards the target. To sustain the upward momentum, ETC needs to break and reclaim the area above the support. Failure to achieve this would result in a continuation of the downward movement, retracing back to the formidable support area.
Trade closed: target reached
Just like clockwork, #ETC is tracing our forecast, hitting that sweet 40.43% growth mark.
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✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.