Coin Name: $ETC
Position: LONG
Entry Price: 17.60
On the 4-hour timeframe, ETC has formed an inverse head and shoulders pattern, broken above the neckline, and completed a clean retest. If the support level holds firmly, ETC is well-positioned for a potential upside move. Additionally, the RSI is holding within the demand zone, indicating buyer strength. This area is shaping up as a favorable zone for bullish activity.
On the 4-hour timeframe, the "Others" chart has broken out of an inverse head and shoulders pattern and completed a textbook retest of the neckline. If it holds above the support level and begins to move higher, it could trigger a bullish wave across mid-cap and low-cap altcoins.
On the 4-hour timeframe, BTC.D has broken down from a rising wedge pattern — a typically bearish formation — and has completed a clean retest of the breakdown level. If BTC.D continues to decline, it could signal increased capital flow into ETH and other altcoins, potentially leading to a strong altcoin rally.
Leverage: 3X
Targets:
1st TP 19.50
2nd TP 21.00
3rd TP 23.50
4th TP 24.50
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$ETC