$ETC Faces Resistance, Will It Break Down? 🐻
Given the current range-bound structure and the bearish last candle, if $ETC fails to break above the resistance at 7.95, it may head towards the support at 6.42, potentially continuing its downward trend.
Technical check:
✅ Close price below SMA7 and SMA25 📉✅ Last candle is bearish 📊✅ Chart bias score favors a short position
⚠️ A break above the resistance at 7.95 would invalidate the short position and potentially lead to a reversal in the trend…
#MarketAnalysis #CryptoInsights #TechnicalAnalysis
Given the current range-bound structure and the bearish last candle, if $ETC fails to break above the resistance at 7.95, it may head towards the support at 6.42, potentially continuing its downward trend.
Technical check:
✅ Close price below SMA7 and SMA25 📉✅ Last candle is bearish 📊✅ Chart bias score favors a short position
⚠️ A break above the resistance at 7.95 would invalidate the short position and potentially lead to a reversal in the trend…
#MarketAnalysis #CryptoInsights #TechnicalAnalysis