Technical analysis by CryptoAnalystSignal about Symbol ETC: Buy recommendation (5/3/2025)

#ETCThe price is moving within a descending channel on the 1-hour frame and is expected to break and continue upward.We have a trend to stabilize above the 100 moving average once again.We have a downtrend on the RSI indicator that supports the upward move with a breakout.We have a support area at the lower boundary of the channel at 16.50, which acts as strong support from which the price can rebound.Entry price: 16.62First target: 16.80Second target: 17.00Third target: 17.24#ETCFirst target: 16.80 ReachedSecond target: 17.00 ReachedThird target: 17.24 Reached