Will This Launch Help ETC Price Exceed $20?
- ETC coin price has been on a downward trend within a falling channel over the past week.
- Rejected at resistance trendline, leading to a 5% drop in the last five days.
- Prolonged selling spree is possible if it breaks below the channel pattern.
- Struggling to find support at the 50% Fibonacci level at $17.83.
- Bullish flag pattern and double bottom formation at $17.83 increase reversal chances.
- RSI and MACD indicators don't support reversal theory, showing bearish signals.
- Possibility of morning star pattern formation, leading to a potential bull cycle to $18.75.
- An optimistic breakout rally could pump ETC prices by 15% to challenge the $20 overhead supply.
- On the flip side, a fall below the 50% Fibonacci level will plunge ETC prices to $17.