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In this analysis, I want to review the ETC coin—one of the Layer 1 projects with a market cap of $2.57 billion, currently ranked 39th on CoinMarketCap.
⏳ 4-Hour Timeframe
On the 4-hour timeframe, this coin made an upward move after being supported at the 14.09 level and was able to reach around the $18 zone.
✅ Currently, the price has had a minor correction, dropping to near the 16.48 level.
🎲 If the 18$ level is broken, the continuation of the move will begin, and we can use this as a trigger for a long position.
✨ If the correction continues and the 16.48 level is broken, the price could undergo deeper corrections.
📊 Currently, the volume is in favor of the buyers, and the volume has been decreasing during the correction. Therefore, if the price moves towards the 18$ zone with increasing volume, we can open a long position.
⭐ The main confirmation for a bullish trend on this coin will be breaking the 18$ zone and setting a higher high and low beyond this level. The next resistance level for the price is at 20.32$.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
In this analysis, I want to review the ETC coin—one of the Layer 1 projects with a market cap of $2.57 billion, currently ranked 39th on CoinMarketCap.
⏳ 4-Hour Timeframe
On the 4-hour timeframe, this coin made an upward move after being supported at the 14.09 level and was able to reach around the $18 zone.
✅ Currently, the price has had a minor correction, dropping to near the 16.48 level.
🎲 If the 18$ level is broken, the continuation of the move will begin, and we can use this as a trigger for a long position.
✨ If the correction continues and the 16.48 level is broken, the price could undergo deeper corrections.
📊 Currently, the volume is in favor of the buyers, and the volume has been decreasing during the correction. Therefore, if the price moves towards the 18$ zone with increasing volume, we can open a long position.
⭐ The main confirmation for a bullish trend on this coin will be breaking the 18$ zone and setting a higher high and low beyond this level. The next resistance level for the price is at 20.32$.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
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🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
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.
💥 Don’t Miss Out!
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
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.