TheSignalyst

ETC - Potential Bullish Reversal!

Long
BINANCE:ETCUSD   Ethereum Classic / U.S. Dollar
Hello everyone, if you like the idea, do not forget to support with a like and follow.

ETC is sitting around a strong support zone in green so we will be looking for buy setups.

on DAILY: ETC is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)

Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)

Meanwhile, until the buy is activated, ETC would be overall bearish can still trade lower till the lower green support before going up.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

This analysis is done using RichTL indicator
https://www.RichTL.com

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