ETC - Long-Term and Short-Term Plan!

Hello everyone, if you like the idea, do not forget to support with a like and follow.

ETC is approaching a strong support zone 25-30 in green so we will be looking for buy setups.

Long-Term: right
on DAILY, ETC is forming a channel in blue but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)

Since ETC is sitting around the lower blue trendline and support, we will also be looking for buy setups on lower timeframes.

Short-Term: left
on H4, ETC is forming a trendline in red but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)

Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)

Meanwhile, until the buy is activated, ETC would be overall bearish can still trade lower.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich