#BinanceHODLerC #KouachiSignals $ETC ✅ Initial Psychological Summary:
🧠The currency is clearly overbought on both the daily and weekly charts.
However, the 4H and 1H candles are starting to show a slowdown and negative momentum divergence.
The price rebounded from a previous high, and the break was weak on smaller time frames.
This is very important. 🔍 Technical Data from Top to Bottom (Reverse Time Logic):
🕯️ Weekly Candle (Bullish Strong Close):
Opened at 16.64, closed at 18.45 = +10.88%
High: 18.92 (currently broken daily)
✅ This means: Buyers dominated the week, but there is a clear overbought RSI
📅 Daily Candle (Bullish Continuation but weak):
Opened at 19.88, closed at 20.36 = +1.91%
High: 20.44 (and approaching it)
🔹 RSI = Near 78 → Clear overbought
🔹 MACD = Positive top but starting to diverge
🔹 EMA 20 and 50 = Price is well above them (Overextension)
🔹 Vortex: The blue line has started to curl downwards = beginning to lose momentum Buy
⏱️ 4H: Violent bearish candle (-4.96%)
Opened at 24.38, closed at 23.17
Long upper tail = Selling pressure
4H RSI = 65 and falling
Clear divergence between price and momentum
Failure to hold above 24.98 = Strong current resistance
⌛ 1H: Clear break of momentum, bearish candle
Opened at 24.08 → Closed at 23.64 = -1.79%
Price below the 20 and 50 EMAs = Selling pressure
Volume gradually declining = Possible technical rebound only
Bearish candle with a low slightly above the 4H = Possible short-term support
📐 Important Fibonacci levels (drawn from the last uptrend):
We assume the wave from:
Low: 16.35
High: 24.98
| Fibonacci Level | Approximate Price |
| 0.236 | 23.21 ✅ The price is now very close to it → Initial Support (Possible Rebound) |
| 0.382 | 21.97 |
| 0.5 | 20.66 |
| 0.618 | 19.35 (Very strong entry area if reached) |
📊 Pivot Points Intraday:
Calculating Pivot Levels (from the previous candle):
Pivot Point = (High + Low + Close) / 3
= (20.44 + 19.34 + 20.36) / 3 = 20.05
Resistance 1 (R1) = 2×Pivot − Low = 20.76
Support 1 (S1) = 2×Pivot − High = 19.66
R2 = Pivot + (High − Low) = 21.15
S2 = Pivot − (High − Low) = 18.95
🎯 Entry and Exit Signals (Scenarios):
📌 Scenario 1: Short Sell – Current Opportunity 🔥$ETC
Entry (Sell): Between 23.80 – 24.20 (in case of a weak corrective uptrend)
Stop Loss: 24.80
Targets:
TP1: 23.20 ✅
TP2: 22.00 (Fibonacci 0.382)
TP3: 20.60 (Fibonacci 0.5)
🧠 Why?
Because momentum is broken on the 1H + divergence on the 4H + the price is close to weekly resistance.
📌 Scenario 2: Long Bounce Entry$ETC
Entry (Buy): Between 21.90 – 22.20 (at Fibonacci 0.382)
Stop Loss: 21.30
Targets:
TP1: 23.00
TP2: 23.80
TP3: 24.50
🧠 Why?
Because it's a very important support area, based on price action + Fibonacci + proximity to Pivot Support 1.
🧠 General recommendation as an expert:
✅ The price is clearly oversold.
✅ The correction has begun on the short-term charts.
✅ Entering now as a buy is considered very risky without confirmation.
✅ It's best to sell the corrections to the 21.9 or 20.6 levels.
Then we can consider buying only upon a clear rebound + volume.