Yello, Paradisers! Is #EthereumClassic about to make a major bullish breakout, or will it fall back into seller territory? Let's see the latest analysis of #ETC:
💎#ETCUSDT is showing some positive signs, holding strong near the critical support range of $16.9-$17.8. However, #ETC must maintain momentum and stay above this support zone to confirm a bullish continuation. This positioning could pave the way for a breakout above the internal resistance.
💎For a genuine breakout,
ETC has to decisively move beyond the internal resistance at $23.1. Look for robust, engulfing candles and sustained upward momentum as key indicators of strength here. Diving in too early without these signals could lead to unnecessary risk exposure.
💎The risk of losing momentum remains. Should ETC fail to break above $23.1 and show signs of fatigue, sellers may seize control. In this scenario, the $16.9-$17.8 support zone becomes even more crucial, as it has previously withstood significant downward pressure.
💎If this support range holds, the bullish potential remains intact, with a possible bounce sparking renewed buying interest. However, a break below $16.9 could invalidate the bullish setup, potentially leading to a sharp decline toward the next demand level at $14.71. A fall below this secondary support could signal even further downside, marking a critical juncture for #EthereumClassic’s trajectory.
Don’t let FOMO get the best of you; wait for clear confirmations before making your move.
MyCryptoParadise
iFeel the success🌴
💎#ETCUSDT is showing some positive signs, holding strong near the critical support range of $16.9-$17.8. However, #ETC must maintain momentum and stay above this support zone to confirm a bullish continuation. This positioning could pave the way for a breakout above the internal resistance.
💎For a genuine breakout,
💎The risk of losing momentum remains. Should ETC fail to break above $23.1 and show signs of fatigue, sellers may seize control. In this scenario, the $16.9-$17.8 support zone becomes even more crucial, as it has previously withstood significant downward pressure.
💎If this support range holds, the bullish potential remains intact, with a possible bounce sparking renewed buying interest. However, a break below $16.9 could invalidate the bullish setup, potentially leading to a sharp decline toward the next demand level at $14.71. A fall below this secondary support could signal even further downside, marking a critical juncture for #EthereumClassic’s trajectory.
Don’t let FOMO get the best of you; wait for clear confirmations before making your move.
MyCryptoParadise
iFeel the success🌴
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。