ETCUSDT: A Strong Pullback or the Start of a Wild Ride?

💎 #ETCUSDT has been hugging the lower edge of the Bollinger Band for nearly two months. However, a recent change in the wind has #EthereumClassic bouncing back from the lower band, supported by the 227.2% Fibonacci level. The price has started to climb, and just yesterday, we saw a confirmed break and closure above the resistance downtrend trendline.

💎 This indicates an increase in buying pressure, and control is gradually shifting to the bulls. At the moment, ETC is trading within a broad range, and we could potentially witness a rise towards the upper Bollinger Band.

💎 If the recent low at $17.35 holds firm, #ETC could see a price increase of over 20% with the next move. While this isn't a long-term uptrend, it's more of a strong pullback.

💎 But hold onto your hats, because if the price breaks above the Bollinger Band, we could be in for a wild ride. Stay tuned, Paradisers!