Market Analysis: Time to act pt 1
Observation
📊 ETC has shown a pause across key timeframes: 12-hour, daily, and 8-hour charts.
🔄 A double bottom pattern is evident on the 4-hour timeframe.
📈 A three-candlestick reversal pattern has formed at the support level, signaling a potential trend change.
Insights
💡 The double bottom indicates a strong support level, potentially leading to bullish momentum.
🔍 The three-candlestick reversal pattern confirms the likelihood of a trend reversal from bearish to bullish.
📌 Current market structure suggests the last reversal may already be in play, signaling an upward trajectory.
Hints
🚦 A bullish crossover is being closely monitored as confirmation for an upward move.
🔗 Swing traders may notice similar patterns across other coins, reflecting a degree of harmonicity in the market.
Takeaway
✅ Patterns like the double bottom and three-candlestick reversals are reliable signals of potential bullish momentum.
⚠️ Stay cautious and remain alert for possible reversals.
Tips
1. ⚙️ Stop Loss: Set at 25.48 to manage risk.
2. 🚫 Avoid over-leveraging; stick to proper risk management.
3. 📚 Perform your own analysis to confirm and adapt to your trading style.
Actions
1. 🚀 It is time to put a trade.
2. 🔵 I am buying now with my stop loss at 25.48.
3. 📌 Stay updated for the Take Profit (TP) levels.
Note: This is a personal view and not financial advice. Always conduct your own analysis and trade responsibly.
