💎 ETC has undeniably captured significant attention in the market. Currently, it is exhibiting a Bullish Flag pattern, and if it successfully breaks the resistance pattern of this formation, there is a probability of a smooth movement toward our target supply area.
💎 ETC is also following a bullish trend channel, characterized by higher highs and higher lows. However, there was a temporary breach of the support level in the bullish channel, which was promptly reclaimed. If ETC revisits the support channel and heads towards the demand area, it represents a critical juncture for ETC to resume its upward trajectory.
💎 The unfavorable scenario is confirmed if, during the retesting phase at the demand area, ETC fails to maintain its position and undergoes a breakdown. In such a case, ETC may revert to the next lower demand area, necessitating a bounce to reclaim the demand before considering further upward or downward movement, potentially towards the next lower demand area and even the strong support zone.
💎 ETC is also following a bullish trend channel, characterized by higher highs and higher lows. However, there was a temporary breach of the support level in the bullish channel, which was promptly reclaimed. If ETC revisits the support channel and heads towards the demand area, it represents a critical juncture for ETC to resume its upward trajectory.
💎 The unfavorable scenario is confirmed if, during the retesting phase at the demand area, ETC fails to maintain its position and undergoes a breakdown. In such a case, ETC may revert to the next lower demand area, necessitating a bounce to reclaim the demand before considering further upward or downward movement, potentially towards the next lower demand area and even the strong support zone.
Trade closed: target reached
Another win! #ONG up 26.66%, as forecasted!
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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.