Alikze »» ETC | Scenario 3 or C bullish - 1W
🔍 Technical analysis: Scenario of wave 3 or C in the ascending channel
ETCUSDT In the daily timeframe, according to the analysis presented earlier, it encountered demand after reaching the Buyer zone, which led to the breakdown of the descending channel and the touch of the target of $25.
- Currently, after exiting the congestion, it is moving within an ascending channel, which is currently at the ceiling of the first channel.
💎 In case of correction, at the ceiling of the first ascending channel, it can encounter demand in the middle range of the channel or the OB zone and continue its growth to the ceiling of the second channel.
⚠️ In addition, in the bullish scenario, the Invalidation LVL zone should not be touched.⚠️
💎In case of touching the mentioned zone, the currency's movement path should be reviewed and updated again.
ETCUSDT In the daily timeframe, according to the analysis presented earlier, it encountered demand after reaching the Buyer zone, which led to the breakdown of the descending channel and the touch of the target of $25.- Currently, after exiting the congestion, it is moving within an ascending channel, which is currently at the ceiling of the first channel.
💎 In case of correction, at the ceiling of the first ascending channel, it can encounter demand in the middle range of the channel or the OB zone and continue its growth to the ceiling of the second channel.
⚠️ In addition, in the bullish scenario, the Invalidation LVL zone should not be touched.⚠️
💎In case of touching the mentioned zone, the currency's movement path should be reviewed and updated again.
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.