ETC 4H Analysis : V-Pattern Breakout , $23M Buy & Key Fib Levels

Hey , how's it going? Come over here — Satoshi's got something for you !

⏱ We are analyzing Ethereum Classic (ETC) on the 4-hour timeframe .

👀 After breaking above the $19.1 level, Ethereum Classic started a strong and high-momentum bullish move and reached the $25.28 resistance, where it was rejected and entered a deep correction .
A V-pattern support has now formed, and a breakout of this pattern could serve as a signal for the end of the correction .

🎮 We're observing the key Fibonacci zones , drawn from the breakout level and its pullback area .
The 0 level is considered our support base , while the other Fibonacci levels act as resistances and potential long-entry triggers .
The most important upcoming resistance is at $21.16 , which serves as the main trigger for our long position .

We will now monitor whether ETC forms a higher low before reaching this resistance , or reacts to it and then forms a higher low — both scenarios would be valid setups for a long position .
As for the 0.236 Fibonacci level , it's the nearest support, and a pullback to this zone is also possible .

⚙️ The RSI oscillator previously had a key resistance at 57.78 , which has now been broken to the upside , and RSI is currently holding above this level .

🔼 Volume may increase again tomorrow during the New York session .
Today, in the marked candle , $23 million worth of Ethereum Classic was bought , and this market maker buy helped save ETC from a deeper correction .

🖥 Summary :
The breakout of the V-pattern allowed ETC to push upward and form a higher low .
Once the pullback to the identified Fibonacci zone completes , we can open our long position , or alternatively , set a buy stop at that level with a wider stop-loss to manage risk properly .

💡 Disclaimer :))) .