Yello Paradisers, did you catch this clean breakout from the descending channel on ETCUSD just as we expected? If not, you might already be late to the first leg but the real move might still be ahead.
💎#ETCUSDT was trading inside a well-defined descending channel for days, respecting both trendline resistance and support beautifully. The market structure shifted when price broke above the upper boundary of this trend, followed by a textbook retest right at the $15.60 level turning former resistance into support.
💎This move was confirmed by a strong green bullish candle and an uptick in volume, hinting at momentum building up behind the bulls.
💎Currently, #ETC is holding above the key support zone $15.40–$15.80. If this zone holds firm, we expect the price to continue pushing toward the next resistance levels at $16.60 and $17.40. The $17.40 zone is especially important it marks a strong resistance that could either trigger a reversal or lead to an explosive breakout if flipped.
💎On the other hand, any clean breakdown below $15.40 followed by weakness would invalidate this bullish setup and likely drive price back to the $14.00 zone, so risk management is key.
Discipline, patience, robust strategies, and trading tactics are the only ways you can make it long-term in this market.
MyCryptoParadise
iFeel the success🌴
💎#ETCUSDT was trading inside a well-defined descending channel for days, respecting both trendline resistance and support beautifully. The market structure shifted when price broke above the upper boundary of this trend, followed by a textbook retest right at the $15.60 level turning former resistance into support.
💎This move was confirmed by a strong green bullish candle and an uptick in volume, hinting at momentum building up behind the bulls.
💎Currently, #ETC is holding above the key support zone $15.40–$15.80. If this zone holds firm, we expect the price to continue pushing toward the next resistance levels at $16.60 and $17.40. The $17.40 zone is especially important it marks a strong resistance that could either trigger a reversal or lead to an explosive breakout if flipped.
💎On the other hand, any clean breakdown below $15.40 followed by weakness would invalidate this bullish setup and likely drive price back to the $14.00 zone, so risk management is key.
Discipline, patience, robust strategies, and trading tactics are the only ways you can make it long-term in this market.
MyCryptoParadise
iFeel the success🌴
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🫳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.
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.