Technical analysis by ULYSSESTRADER about Symbol ETC: Buy recommendation (8/26/2025)

Currently, ETC is trading around $21.18 after a strong selloff from the $25 zone. 🔍 Key Observations: Moving Averages (MAs): Price is below the short-term (yellow/orange) and mid-term MAs, indicating bearish momentum. Several bearish crosses (red "Cross 01") confirm the recent downtrend. Support & Resistance Levels: Immediate support: ~$20.10 – $20.50 zone. Resistance zones: $22.40, $23.36, and higher at $24.96. Setup Shown on Chart: A long position is being considered here. Entry: ~$21.18 Stop-loss: ~$18.77 (red zone) Target: ~$24.96 (green zone) This gives a favorable risk-to-reward ratio of about 1:2. ⚖️ Trading Idea: The setup anticipates a potential bounce from the oversold levels, with a recovery toward the $24–25 range. If momentum fails to build, the stop at $18.77 protects against further downside risk.