#ETC Market Outlook (1D) Price is currently trading around $7.90, which sits at the 75% discount of the last swing. That area looks decent for buys once lower-timeframe reversal confirmation shows up. On the daily, we had a Break of Structure (BOS) to the upside after the earlier liquidity sweep marked (X). Price has now pulled back into discount while the higher-timeframe structure remains intact. Major invalidation of the bullish idea would be a daily candle close below $7.066. That would weaken the structure and open lower levels. Swing target remains the previous high at $10.403. Until the invalidation is taken, what I’m watching for is the lower timeframe confirmation which I will also share when I see one. Share your thoughts!
4 hours ago
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