ETC/USDT 1H Chart Review
2025-02-17
Category: None

Hi everyone, let's look at the 1h ETC to USDT chart, in this situation we can see how the price has fallen below the uptrend line, and what's more we can see the first attempt to return above the trend line, however we can see the place that rejected the price.

Let's start by defining the targets for the near future that the price has to face:
T1 = 20.79 USD
T2 = 21.09 USD
Т3 = 21.60 USD
Т4 = 21.95 USD

Now let's move on to the stop-loss in case the market continues to fall:
SL1 = 20.19 USD
SL2 = 19.73 USD
SL3 = 19.26 USD
SL4 = 18.90 USD

On the Stoch RSI indicator we can see how the energy is decreasing and staying in the lower part of the range, keeping the price from a bigger drop for now.