ETC/USD 4H Chart Analysis – Bullish Momentum Incoming?
Ethereum Classic (ETC) is showing signs of a potential breakout, as seen in the 4-hour chart. Here’s a deep dive into the technical setup and what traders should watch for in the coming sessions.
🔥 Key Takeaways:
✅ Ascending Triangle Formation: A strong bullish pattern, indicating possible upside continuation.
✅ Breakout Confirmation: Price has pushed above a key resistance level, suggesting buyers are stepping in.
✅ Targets in Sight:
🎯 TP1: Around $19.17 (previous resistance)
🎯 TP2: Around $19.95 (strong historical supply zone)
✅ Support & Risk Management:
Stop-Loss (SL): Placed around $18.00, ensuring a good risk-to-reward ratio.
✅ Moving Averages: Price is approaching the 200MA, a key dynamic resistance around $18.90—a break above this would confirm further bullish momentum.
📈 Trading Outlook:
If ETC holds above $18.30 and successfully flips $18.90 into support, we could see a quick move towards $19.95+. However, rejection at this level could lead to a pullback towards the $18.00 region.
🚨 Bullish or Bearish?
This setup leans bullish, but confirmation of a clean breakout above $19.00-$19.20 will be key. Keep an eye on volume and overall market sentiment!
📊 What’s your take? Are you long or waiting for more confirmation? Drop your thoughts below! 🔥
Ethereum Classic (ETC) is showing signs of a potential breakout, as seen in the 4-hour chart. Here’s a deep dive into the technical setup and what traders should watch for in the coming sessions.
🔥 Key Takeaways:
✅ Ascending Triangle Formation: A strong bullish pattern, indicating possible upside continuation.
✅ Breakout Confirmation: Price has pushed above a key resistance level, suggesting buyers are stepping in.
✅ Targets in Sight:
🎯 TP1: Around $19.17 (previous resistance)
🎯 TP2: Around $19.95 (strong historical supply zone)
✅ Support & Risk Management:
Stop-Loss (SL): Placed around $18.00, ensuring a good risk-to-reward ratio.
✅ Moving Averages: Price is approaching the 200MA, a key dynamic resistance around $18.90—a break above this would confirm further bullish momentum.
📈 Trading Outlook:
If ETC holds above $18.30 and successfully flips $18.90 into support, we could see a quick move towards $19.95+. However, rejection at this level could lead to a pullback towards the $18.00 region.
🚨 Bullish or Bearish?
This setup leans bullish, but confirmation of a clean breakout above $19.00-$19.20 will be key. Keep an eye on volume and overall market sentiment!
📊 What’s your take? Are you long or waiting for more confirmation? Drop your thoughts below! 🔥
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.