$ETC - Price analysis:
I see a falling wedge pattern daily [D1]
The current prices are located at the 24.50$ key support zone (range low D1).
Range zone daily: 28.50 - 24.50$
A breakout downard could happen wich could lead to another huge sell pressure.
As we are at a key support, it's a risky bet to short yet.
Zooming on my second daily view, it make sense to see a retest of the 21.00$ support zone wich correspond to the 100 days precedent upper range resistance!
A falling wedge pattern isn"t a bearish pattern.
It make sense for me to see this scenario play as #bitcoin price may fall to visit the 83,000$ area!
⚠️As we are on key support zone, be aware of high volatility!
False pump may happen to retest local resistance. Who know.
Price can pump 5% from here, then dump 15%...
I give more confidence in my medium term view (> 80% success rate).
Monitor the wedge trend resistances.
What do you think?? 👀
