Pullback Phase: ETC is in a pullback phase, retesting the broken trendline.
Support Level: The crucial support level is at $14.75.
Potential Crash: A drop below $14.75 could send ETC plummeting to $13.50.
Descending Triangle: ETC forms a descending triangle pattern with a 30% drop from July to September 2023.
Current Price: ETC is trading at $15.49 with an intraday gain of 0.32%.
Bullish Reversal: A recent bullish reversal broke above the resistance trendline and the 50-day EMA.
Failed Momentum: Despite the bullish reversal, the momentum couldn't be sustained.
EMA Indicators: Both the 50 and 200-day EMAs are in a declining trend.
DMI Indicators: The ADX line shows a negative slope, indicating a lack of trend momentum.
Bearish Crossover: DI lines indicate a bearish crossover during the retest phase.
Bullish Scenario: A breakout above $17 could lead ETC to the $20 mark.
Bearish Scenario: Failure to hold $14.75 could send ETC down to $12.65.
Support Level: The crucial support level is at $14.75.
Potential Crash: A drop below $14.75 could send ETC plummeting to $13.50.
Descending Triangle: ETC forms a descending triangle pattern with a 30% drop from July to September 2023.
Current Price: ETC is trading at $15.49 with an intraday gain of 0.32%.
Bullish Reversal: A recent bullish reversal broke above the resistance trendline and the 50-day EMA.
Failed Momentum: Despite the bullish reversal, the momentum couldn't be sustained.
EMA Indicators: Both the 50 and 200-day EMAs are in a declining trend.
DMI Indicators: The ADX line shows a negative slope, indicating a lack of trend momentum.
Bearish Crossover: DI lines indicate a bearish crossover during the retest phase.
Bullish Scenario: A breakout above $17 could lead ETC to the $20 mark.
Bearish Scenario: Failure to hold $14.75 could send ETC down to $12.65.