$ETC ETC Breakdown Incoming? ๐Ÿ˜จ๐Ÿ“‰ | Head & Shoulders Pattern Signals Trouble ๐Ÿง โš ๏ธ

๐Ÿง  Ethereum Classic is flashing a classic head and shoulders pattern on the chart โ€” and it might be preparing for a major downside move! ๐Ÿ“‰๐Ÿช“

๐Ÿ“Š The left shoulder, head, and right shoulder have formed with textbook precision. Traders are watching closely for a neckline break, which could unleash heavy sell pressure ๐Ÿ”Ž๐Ÿ’ฃ. Volume spikes on red candles and MACD bearish crossover are further confirming weakness in momentum ๐Ÿ“‰๐Ÿงจ.

๐Ÿ”ป The RSI is flattening and slowly dipping below midline levels, suggesting buyers are losing control and bearish sentiment is creeping in ๐Ÿ‘€๐Ÿ›‘. This isnโ€™t a setup to ignore โ€” breakout to the downside could come fast and hard.

๐Ÿ’ผ On-chain, exchange balances are rising ๐Ÿ“ˆ๐Ÿฆ โ€” a bearish sign showing more tokens are being moved to sell. Meanwhile, wallet growth is slowing, and social sentiment is cooling off ๐ŸงŠ๐Ÿ“‰, signaling caution across the market.

๐Ÿณ No signs of whale accumulation here โ€” if anything, distribution is increasing. Larger holders might be prepping to exit positions before a possible major breakdown ๐Ÿ’ผ๐Ÿšช.

๐Ÿšจ This is a market that demands caution. A break below the neckline could trigger a quick flush and test lower support zones. Traders should manage risk carefully, avoid blind entries, and watch for confirmation signals before reacting ๐ŸŽฏ๐Ÿง .

๐Ÿ’ฅ If this head and shoulders pattern plays out fully, ETC could face strong turbulence ahead. Eyes on the neckline โ€” it might crack soon!

โš ๏ธ Not financial advice โ€” always DYOR ๐Ÿง ๐Ÿ“š