$ETC
7,737 Oversold RSI 27,8! Stuck at the lower band (DN) at 7,663—bounce or break down to 7,4?
$ETC Update: 2 timeframes — sharp downtrend, but now at the last support!
4H — Hugging the lower band, RSI oversold
Price at 7,737, just above DN 7,663 + 24h low 7,450 = this is the last 4H support area. If it breaks below DN, it could continue down to 7,0.
BOLL: UP 8,503 is far away; MB 8,083 is strong resistance. Below MB 8,083, the 4H trend remains bearish from the 10,420 top.
MACD DIF -0,151 below DEA -0,112 + -0,039 red = bearish, but the histogram is already narrowing, and sellers are starting to weaken.
RSI(6) 27,8 = *OVERSOLD <30*. On the 4H, $ETC rarely stays below 30 for long; it usually bounces 3–8% first.
The previous low of 7,066 was a strong bottom in September.
1H — Down from 10,420 to 7,450 = -28%
Price at 7,738, at DN 7,655 = also oversold on the 1H. The 1H MB at 8,663 is far above; if it bounces, the first target is a return to 8,1–8,6.
The 1H bottom at 6,013 is very distant support, but 7,450–7,663 is intraday support.
MACD -0,151 thick red + DIF -0,114 below DEA 0,037 = downward momentum is still strong on the 1H; don't take a big long position yet.
RSI 25,32 = also oversold on the 1H, in sync with the 4H. That means sellers are overextended, and buyers may start entering gradually.
24h volume: 3,97M ETC / 31,17M USDT = normal volume, not a major panic sell-off.
ETC SETUP FOR TODAY:
BUY THE SCALP REBOUND (Main Setup):
Entry: 7,655–7,737 (1H DN + 4H DN + current price)
TP1: 7,900 +2%
TP2: 8,083 (4H MB) +4,5%
TP3: 8,156 (24h high) +5,4%
SL: 7,450 (24h low) -3,7% MANDATORY!
SELL ON RALLY (Trend Still Down):
Entry: 8,083–8,503 (4H MB + 4H UP)
TP: 7,737 / 7,450
Distant TP: 7,066
SL: 8,663 (1H MB)
FORMULA: ETC RSI 27,8 at DN 7,663 = this is not the place to short again. Pro traders wait for a bearish rejection candle on the 15m/1H near the lower band. If 7,450 breaks on high volume, stand aside—it could drop to 7,066.
Use only 3–5x leverage; this coin moves slowly, but a breakdown can be significant.
Do you think ETC will bounce to 8,083 first or break down again to 7,0?
#ETC #EthereumClassic
7,737 Oversold RSI 27,8! Stuck at the lower band (DN) at 7,663—bounce or break down to 7,4?
$ETC Update: 2 timeframes — sharp downtrend, but now at the last support!
4H — Hugging the lower band, RSI oversold
Price at 7,737, just above DN 7,663 + 24h low 7,450 = this is the last 4H support area. If it breaks below DN, it could continue down to 7,0.
BOLL: UP 8,503 is far away; MB 8,083 is strong resistance. Below MB 8,083, the 4H trend remains bearish from the 10,420 top.
MACD DIF -0,151 below DEA -0,112 + -0,039 red = bearish, but the histogram is already narrowing, and sellers are starting to weaken.
RSI(6) 27,8 = *OVERSOLD <30*. On the 4H, $ETC rarely stays below 30 for long; it usually bounces 3–8% first.
The previous low of 7,066 was a strong bottom in September.
1H — Down from 10,420 to 7,450 = -28%
Price at 7,738, at DN 7,655 = also oversold on the 1H. The 1H MB at 8,663 is far above; if it bounces, the first target is a return to 8,1–8,6.
The 1H bottom at 6,013 is very distant support, but 7,450–7,663 is intraday support.
MACD -0,151 thick red + DIF -0,114 below DEA 0,037 = downward momentum is still strong on the 1H; don't take a big long position yet.
RSI 25,32 = also oversold on the 1H, in sync with the 4H. That means sellers are overextended, and buyers may start entering gradually.
24h volume: 3,97M ETC / 31,17M USDT = normal volume, not a major panic sell-off.
ETC SETUP FOR TODAY:
BUY THE SCALP REBOUND (Main Setup):
Entry: 7,655–7,737 (1H DN + 4H DN + current price)
TP1: 7,900 +2%
TP2: 8,083 (4H MB) +4,5%
TP3: 8,156 (24h high) +5,4%
SL: 7,450 (24h low) -3,7% MANDATORY!
SELL ON RALLY (Trend Still Down):
Entry: 8,083–8,503 (4H MB + 4H UP)
TP: 7,737 / 7,450
Distant TP: 7,066
SL: 8,663 (1H MB)
FORMULA: ETC RSI 27,8 at DN 7,663 = this is not the place to short again. Pro traders wait for a bearish rejection candle on the 15m/1H near the lower band. If 7,450 breaks on high volume, stand aside—it could drop to 7,066.
Use only 3–5x leverage; this coin moves slowly, but a breakdown can be significant.
Do you think ETC will bounce to 8,083 first or break down again to 7,0?
#ETC #EthereumClassic