ETC - Over-Sold Zone!

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

ETC is overall bearish trading inside the brown channel, however, it is now approaching the lower brown trendline acting as a non-horizontal support zone .

Moreover, the zone 23.0 - 25.0 is a strong support and demand zone.

So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support zone and lower brown trendline. (acting as non-horizontal support)

As per my trading style:
Since ETC is around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich