Overview:
ETC/USDT has exhibited the formation of an XABCD harmonic pattern, coinciding with price action nearing a crucial support zone. This confluence suggests a potential bullish reversal from point D, indicating favorable trading opportunities for market participants.
Key Technical Observations:
1. XABCD Harmonic Pattern: The chart analysis reveals the...
12h time frame
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ETC is breaking and retesting the bottom triangle and getting support at 0.5 Fibonacci Retracement. Considering the symmetrical structure and previous highs, there are lots resistance zones which will provide pressure for price. However, we can still set a trading plan woth good risk to reward ratio here.
TP: 26 / 38
SL: 17.295
Based on technical factors there is a long position in :
📊 ETCUSDT
🔵 Long Now 25.82
🧯 Stop loss 24.02
🏹 Target 1 28.20
🏹 Target 2 31.50
💸Capital : 1%
We hope it is profitable for you ❤️
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