Hello traders 🐺
here we have weekly chart :
in the weekly chart we can see ETC created a very big triangle pattern which is in my opinion could be very bullish for ETC ; also ETC hold above the weekly support structure ( red box ) around 41$ , and this is also very similar to the double bottom pattern .
what is so important for us is the technical target of this pattern ; so let's talk about the price targets then I go to the smaller time frame and explain more details for you my friends :
I personally think something looks like the above picture for the ETC , because first of all the technical target of the triangle show exactly the 2.0 Fibonacci projection level ; but always take some profits at the important levels and don't wait for the final target .
let's dive into the daily chart :
in the daily chart ETC have very interesting chart , because as you can see in the daily chart price created bullish divergence in the RSI and the price chart and also price break the important daily resistance structure with the good amount of volume ; and these are could consider very bullish for the ETC ; but don't rush into the market and always wait for the good opportunity for open the any position .
🐺I hope you enjoyed this analysis.
Do not forget to like and subscribe
share my ideas with your friends , thanks for reading my ideas🐺
here we have weekly chart :
in the weekly chart we can see ETC created a very big triangle pattern which is in my opinion could be very bullish for ETC ; also ETC hold above the weekly support structure ( red box ) around 41$ , and this is also very similar to the double bottom pattern .
what is so important for us is the technical target of this pattern ; so let's talk about the price targets then I go to the smaller time frame and explain more details for you my friends :
I personally think something looks like the above picture for the ETC , because first of all the technical target of the triangle show exactly the 2.0 Fibonacci projection level ; but always take some profits at the important levels and don't wait for the final target .
let's dive into the daily chart :
in the daily chart ETC have very interesting chart , because as you can see in the daily chart price created bullish divergence in the RSI and the price chart and also price break the important daily resistance structure with the good amount of volume ; and these are could consider very bullish for the ETC ; but don't rush into the market and always wait for the good opportunity for open the any position .
🐺I hope you enjoyed this analysis.
Do not forget to like and subscribe
share my ideas with your friends , thanks for reading my ideas🐺