✳️ Ethereum Classic Bottom Reversal Signals
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.
➖ 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.
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lamatrades.com (Since 2017)
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
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