#ETC
🔺 Formation:
A Symmetric Triangle (Triangle) formation is observed on the chart.
The lower band of the triangle has been broken; this break is usually an indicator of a downward (bearish) movement.
🎯 Target Price:
DirectionTarget Price (USDT)Description🔽 Down21,017 USDTMeasured down by the height of the triangle
🧠 Technical Observations:
Current Price: 24,103 USDT
Formation Break: The lower support line has been broken down
Downward Potential: Approximately a 13% pullback signal
🔁 Support – Resistance Levels:
TypeLevel (USDT)DescriptionTarget21,017Formation target areaSupport23,300Previous horizontal support levelResistance25,000+Upper band of the triangle (rejection area)
🔍 Possible Scenarios:
ScenarioConditionExpected Outcome📉 Downtrend ContinuesSustained closes below 23,800Targeting 21,017🔁 RetestPullback to the 23,800 – 24,000 rangeSelling opportunity❌ Cancellation ConditionVolume break above 25,200Bullish scenario
✅ General Assessment:
TitleInformationMain FormationTriangle (Symmetric Triangle)DirectionDown (break has occurred)Break StatusOccurred downwardTarget Price21,017 USDTRisk StatusFormation may become invalid on close above 25,000
