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! 🔥
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.