Broke out with bullish divergence:
On the daily time frame, ETC has broken out the down channel with bullish divergence, as the priceline is forming lower high and RSI is setting higher high.
Tested strong support:
The prcieline has also tested strong support of $28. This support is not broken down since April 2021. The way the price action has bounced from the strong support and broke out the channel can be a big signal for a big rally soon.
On the daily time frame, ETC has broken out the down channel with bullish divergence, as the priceline is forming lower high and RSI is setting higher high.
Tested strong support:
The prcieline has also tested strong support of $28. This support is not broken down since April 2021. The way the price action has bounced from the strong support and broke out the channel can be a big signal for a big rally soon.