🚨 Technical analysis for the $ETC coin | 4-hour timeframe
🔹 Current price: 6.30$ 📉 (-2.80% in 24h)
– It is moving within a clear downtrend, with continued formation of lower highs and lower lows, confirming that sellers control the overall direction.
– A clear break of previous support zones with acceleration in negative momentum, reflecting the weakness of any bounce attempts so far.
– The 5.86$ –5.33$ zone represents the main support / demand.
– Trading below the 50 level at 43.46 reflects weak current momentum.
🔼 Bullish scenario (upside):
If price holds and breaks above 6.72$
🎯 6.79$ – 6.97$ – 7.17$
🔽 Bearish scenario (downside):
If 6.11$ is broken with a 4-hour closing
❌ 5.86$ – 5.33$ – 4.69$
📌 Note: Any rise toward resistance zones is considered a correction within the downtrend unless they are broken and price holds above them.
⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice.
For exclusive crypto and market news, follow us
@AR_cryptonews
🔹 Current price: 6.30$ 📉 (-2.80% in 24h)
– It is moving within a clear downtrend, with continued formation of lower highs and lower lows, confirming that sellers control the overall direction.
– A clear break of previous support zones with acceleration in negative momentum, reflecting the weakness of any bounce attempts so far.
– The 5.86$ –5.33$ zone represents the main support / demand.
– Trading below the 50 level at 43.46 reflects weak current momentum.
🔼 Bullish scenario (upside):
If price holds and breaks above 6.72$
🎯 6.79$ – 6.97$ – 7.17$
🔽 Bearish scenario (downside):
If 6.11$ is broken with a 4-hour closing
❌ 5.86$ – 5.33$ – 4.69$
📌 Note: Any rise toward resistance zones is considered a correction within the downtrend unless they are broken and price holds above them.
⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice.
For exclusive crypto and market news, follow us
@AR_cryptonews