The ETC daily chart has the opportunity to show a H&S bottom
There is a H&S bottom pattern on the ETC daily chart, the target price has been met, and the downtrend line has also been hit. It can be seen in the chart that ETC has appeared three high points near the trend line. If the price falls below 30.35 in the future, the H&S top pattern will be established, and the support range below is 24.47~26.16 and 20.83. After an effective support is formed near the range, and the price breaks through the trend line and 45.75, ETC will have a larger H&S bottom pattern (right picture).
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There is also a chance for ETC to break directly above the trendline and 45.75, which would result in a large H&S bottom pattern (right) similar to a small H&S bottom pattern (black box on the left).
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No matter which way ETC takes, it is more appropriate to wait for breaking through the resistance of the trend line and 45.75 before viewing ETC as bullish
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There is also a chance for ETC to break directly above the trendline and 45.75, which would result in a large H&S bottom pattern (right) similar to a small H&S bottom pattern (black box on the left).
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No matter which way ETC takes, it is more appropriate to wait for breaking through the resistance of the trend line and 45.75 before viewing ETC as bullish
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