Technical analysis by GoodTarget about Symbol ETC: Buy recommendation (3/24/2025)

ETC/USD 4H Chart Analysis – Bullish Momentum Incoming? Ethereum Classic (ETC) is showing signs of a potential breakout, as seen in the 4-hour chart. Here’s a deep dive into the technical setup and what traders should watch for in the coming sessions. 🔥 Key Takeaways: ✅ Ascending Triangle Formation: A strong bullish pattern, indicating possible upside continuation. ✅ Breakout Confirmation: Price has pushed above a key resistance level, suggesting buyers are stepping in. ✅ Targets in Sight: 🎯 TP1: Around $19.17 (previous resistance) 🎯 TP2: Around $19.95 (strong historical supply zone) ✅ Support & Risk Management: Stop-Loss (SL): Placed around $18.00, ensuring a good risk-to-reward ratio. ✅ Moving Averages: Price is approaching the 200MA, a key dynamic resistance around $18.90—a break above this would confirm further bullish momentum. 📈 Trading Outlook: If ETC holds above $18.30 and successfully flips $18.90 into support, we could see a quick move towards $19.95+. However, rejection at this level could lead to a pullback towards the $18.00 region. 🚨 Bullish or Bearish? This setup leans bullish, but confirmation of a clean breakout above $19.00-$19.20 will be key. Keep an eye on volume and overall market sentiment! 📊 What’s your take? Are you long or waiting for more confirmation? Drop your thoughts below! 🔥