ETCUSDT: Breakdown or Bounce? A Critical Move Is Coming!Yello, Paradisers! Is ETCUSDT about to collapse further, or are the bulls ready to fight back? Let’s break it down!
💎#ETCUSDT remains in a strong downtrend, continuously rejecting the descending resistance and struggling to hold above key levels. Recently, the price tested the imbalance zone at $18.995 but got smacked down, a clear sign that sellers are still in control.
💎Adding further bearish confirmation, the 50 EMA has crossed below the 200 EMA, reinforcing the downside momentum. This classic death cross signals that sellers have the upper hand, increasing the probability of further declines.
💎If ETC retests the $18.995 supply zone and faces rejection again, expect another leg down toward $17.590 and potentially the major support at $16.576. A failure to find strong buying interest at these levels would confirm further downside continuation.
💎However, if ETC manages to break and hold above $18.995, it could signal strength. In this case, price may push toward $21.288, but it must first clear $19.288 with strong volume to invalidate the bearish setup. A confirmed breakout would shift momentum bullish, opening the door for a potential rally toward $22 and beyond.
Stay patient, Paradisers! The market always rewards discipline. If we see confirmation, we take action. If not, we wait. Trade smart, not fast! 🎖
MyCryptoParadise
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