#ETC

The price is moving within a descending channel on the 1-hour frame and is expected to break and continue upward.

We have a trend to stabilize above the 100 moving average once again.

We have a downtrend on the RSI indicator that supports the upward move with a breakout.

We have a support area at the lower boundary of the channel at 16.50, which acts as strong support from which the price can rebound.

Entry price: 16.62

First target: 16.80

Second target: 17.00

Third target: 17.24

✅Buy and Trade here on $ETC