✳️ Ethereum Classic Bottom Reversal Signals
On this analysis we will focus on several reversal signals rather than projecting targets.
➖ In October 2023 ETCBTC hits a low and produces a small bounce.
➖ In December the same October low worked as support; More bounce.
➖ In January 2024 this support level fails but only momentarily. ETCBTC moved below just to quickly recover; A stop-loss hunt event and at the same time a bullish signal.
➖ This move is supported by really high buy volume and strong bullish action, indicating that the whales were ready to buy.
➖ Currently, ETCBTC is trading above the support range; a higher low.
This can develop into the next bullish wave.
We will look at potential targets in the future in a different trade idea.
Thank you for reading.
Namaste.
➖ In October 2023 ETCBTC hits a low and produces a small bounce.
➖ In December the same October low worked as support; More bounce.
➖ In January 2024 this support level fails but only momentarily. ETCBTC moved below just to quickly recover; A stop-loss hunt event and at the same time a bullish signal.
➖ This move is supported by really high buy volume and strong bullish action, indicating that the whales were ready to buy.
➖ Currently, ETCBTC is trading above the support range; a higher low.
This can develop into the next bullish wave.
We will look at potential targets in the future in a different trade idea.
Thank you for reading.
Namaste.
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.