Since the double bottom reversal from $10, ETCUSD has risen & fallen. If it could break the downward resistance (orange line), it could potentially finish a bullish cycle. Otherwise, it will continue its decline.
Note
As the dotted orange line shows, there was previously an attempt to break this down trend. Upon failure, ETCUSD continued to fall.
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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.