$ETC is back inside its 85-day range - and the next move could be significant. 🚨
Two scenarios on the table:
→ Mid-range retest with bull pressure building around $8.50
→ Break below $8.50 triggers a drop toward $7.90 - $7.80, or lower
Sideways price action may continue before the real move plays out.
HTF bias remains bearish. Weekly structure still suggests another leg down toward $7.00 - $6.00 is possible. 📉
Bulls need a weekly close above $8.90, and ideally $10.00 - to shift momentum.
Until then, caution is warranted. That's Typically a coin that I avoid to trade yet. #ETC #Macro Insights#