✳️ Ethereum Classic Bottom Reversal Signals

19 feb

On this analysis we will focus on several reversal signals rather than projecting targets.

➖ In October 2023 ETCBTC hits a low and produces a small bounce.
➖ In December the same October low worked as support; More bounce.
➖ In January 2024 this support level fails but only momentarily. ETCBTC moved below just to quickly recover; A stop-loss hunt event and at the same time a bullish signal.
➖ This move is supported by really high buy volume and strong bullish action, indicating that the whales were ready to buy.

➖ Currently, ETCBTC is trading above the support range; a higher low.
This can develop into the next bullish wave.

We will look at potential targets in the future in a different trade idea.

Thank you for reading.

Namaste.