ETC: Look for Confirmation Near Previous Resistance
💎 ETC is currently exhibiting a bullish market structure and is undergoing a retest of the support zone, which was previously a resistance level. This zone may now act as support since it has been broken.
💎Analyzing past chart data reveals that there is potential for a bounce from the bullish interest zone, especially if ETCUSDT forms bullish engulfing candlesticks. Confirmation of this bounce would require seeing bullish engulfing patterns from our support zone and smaller support levels. In such a scenario, we can anticipate targets until the next resistant levels.
💎However, if ETC breaks down below our support levels without showing any bullish confirmation, it would be advisable to refrain from trading ETC in that scenario and wait for better price action to form before making any decisions.
💎Analyzing past chart data reveals that there is potential for a bounce from the bullish interest zone, especially if ETCUSDT forms bullish engulfing candlesticks. Confirmation of this bounce would require seeing bullish engulfing patterns from our support zone and smaller support levels. In such a scenario, we can anticipate targets until the next resistant levels.
💎However, if ETC breaks down below our support levels without showing any bullish confirmation, it would be advisable to refrain from trading ETC in that scenario and wait for better price action to form before making any decisions.
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