The Macro Picture 🗺️
ETC unwound its May $10.10 highs through a sharp descent that bottomed at $6.40 in early June. Since then, price has settled into a broad $6.40–7.80 base — a volatility playground where the lows keep getting defended and the rallies faded back toward the middle. Price now sits in the lower third of that range near $6.95, pressing against the support that has held every test this cycle, with RSI balanced around 44. Buying into a defended floor rather than chasing strength is the higher-confluence play, and the path of least resistance from here leans back toward the range top.
The Setup ⚙️
The Buy Area: The $6.40–6.60 band is where demand has repeatedly stepped in. Bulls are defending this floor, and as marked on the chart, price is holding just above it with room to rotate higher.
The Ceiling: The $7.80 decision line caps the range. A clean reclaim flips the local structure bullish and opens the path toward the $8.50 macro resistance above.
The Range Play: The zone between $6.60 and $7.80 creates a structural playground for grid-based accumulation — staggered entries across the range capture the chop while the market decides its next macro leg.
The Roadmap: Primary target sits at $7.80 — the green roadmap points there as price works up from the support toward the range top. Invalidation: a clean daily close below $6.40 would invalidate this bullish thesis and signal a structural breakdown out of the range.
More setups in profile.
#ETC #CRYPTO #EthereumClassic #Altcoins #TechnicalAnalysis
ETC unwound its May $10.10 highs through a sharp descent that bottomed at $6.40 in early June. Since then, price has settled into a broad $6.40–7.80 base — a volatility playground where the lows keep getting defended and the rallies faded back toward the middle. Price now sits in the lower third of that range near $6.95, pressing against the support that has held every test this cycle, with RSI balanced around 44. Buying into a defended floor rather than chasing strength is the higher-confluence play, and the path of least resistance from here leans back toward the range top.
The Setup ⚙️
The Buy Area: The $6.40–6.60 band is where demand has repeatedly stepped in. Bulls are defending this floor, and as marked on the chart, price is holding just above it with room to rotate higher.
The Ceiling: The $7.80 decision line caps the range. A clean reclaim flips the local structure bullish and opens the path toward the $8.50 macro resistance above.
The Range Play: The zone between $6.60 and $7.80 creates a structural playground for grid-based accumulation — staggered entries across the range capture the chop while the market decides its next macro leg.
The Roadmap: Primary target sits at $7.80 — the green roadmap points there as price works up from the support toward the range top. Invalidation: a clean daily close below $6.40 would invalidate this bullish thesis and signal a structural breakdown out of the range.
More setups in profile.
#ETC #CRYPTO #EthereumClassic #Altcoins #TechnicalAnalysis
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📈 Stop guessing your settings — backtest & optimize with QuantPilot
🎁 Free to start
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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.