ETC/BTC Support and Resistance after the daily bounce
ETC/BTC has finally had a bounce after a couple of brutal weeks.
The bounce consists of low volume, so I expect this to be more of a dead cat than anything.
Shorting oppurtinty at daily tenken and kijun levels as long as we break above the local resistance that it is about to meet.
For a long position on ETC, I would like to se a push to 0.03 level with consilidation and a break above the down trend.
Any break down from this local bounce I see it retesting the last lows.
The bounce consists of low volume, so I expect this to be more of a dead cat than anything.
Shorting oppurtinty at daily tenken and kijun levels as long as we break above the local resistance that it is about to meet.
For a long position on ETC, I would like to se a push to 0.03 level with consilidation and a break above the down trend.
Any break down from this local bounce I see it retesting the last lows.