💎 ETC has undeniably captured significant attention in the market. Currently, it is exhibiting a Bullish Flag pattern, and if it successfully breaks the resistance pattern of this formation, there is a probability of a smooth movement toward our target supply area.
💎 ETC is also following a bullish trend channel, characterized by higher highs and higher lows. However, there was a temporary breach of the support level in the bullish channel, which was promptly reclaimed. If ETC revisits the support channel and heads towards the demand area, it represents a critical juncture for ETC to resume its upward trajectory.
💎 The unfavorable scenario is confirmed if, during the retesting phase at the demand area, ETC fails to maintain its position and undergoes a breakdown. In such a case, ETC may revert to the next lower demand area, necessitating a bounce to reclaim the demand before considering further upward or downward movement, potentially towards the next lower demand area and even the strong support zone.
💎 ETC is also following a bullish trend channel, characterized by higher highs and higher lows. However, there was a temporary breach of the support level in the bullish channel, which was promptly reclaimed. If ETC revisits the support channel and heads towards the demand area, it represents a critical juncture for ETC to resume its upward trajectory.
💎 The unfavorable scenario is confirmed if, during the retesting phase at the demand area, ETC fails to maintain its position and undergoes a breakdown. In such a case, ETC may revert to the next lower demand area, necessitating a bounce to reclaim the demand before considering further upward or downward movement, potentially towards the next lower demand area and even the strong support zone.
Trade closed: target reached
Another win! #ONG up 26.66%, as forecasted!
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Do you Want to start trading like a PRO?
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Disclaimer
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