Technical Analysis for $ETC : ETC is trading under EMA9 (8.91), EMA21 (8.94) and EMA50 (9.02), confirming a downtrend. MACD is negative and RSI sits at 42, while stochastic K at 25 shows oversold pressure. A break below the 1hour resistance around 9.08 could trigger a short. Risk is a bounce off the low stochastic; watch the 9.18 high for a potential reversal.
Market Context: BTC showed a 0.5% decline over 24 h and is bearish in the short term, while its 4hour and daily charts remain
Will resistance cap a bounce, or can buyers reclaim it? Follow for more data-led market setups.