ETCBTC interesting formation and important level to observe
I was on long holidays so that’s why there is a gap in my activity on the tradingview.
ETC like most of the crypto made strong push towards north. ETC is in consolidation for almost month. There are few important levels to watch. 0.0005300 which is close to the psychological level 0.000500 and it is highest high from the 1st of May. I marked with dotted lines range in which pair should stay for some time. I’m waiting potently for the pair to reach 200 Ema and form some kind of candle which will suggest rebound to reach 0.0001000 level which for me is very possible.
I wouldn't enter market right now as it is quite possible that the pair will form some kind of different pattern and it can go way lower after 0.0005000 will be pierced.
I will keep you updated.
If you will look at the Daily chart big caffeine candle from 24th of May is the sign which is suggesting further bullish move.
ETC like most of the crypto made strong push towards north. ETC is in consolidation for almost month. There are few important levels to watch. 0.0005300 which is close to the psychological level 0.000500 and it is highest high from the 1st of May. I marked with dotted lines range in which pair should stay for some time. I’m waiting potently for the pair to reach 200 Ema and form some kind of candle which will suggest rebound to reach 0.0001000 level which for me is very possible.
I wouldn't enter market right now as it is quite possible that the pair will form some kind of different pattern and it can go way lower after 0.0005000 will be pierced.
I will keep you updated.
If you will look at the Daily chart big caffeine candle from 24th of May is the sign which is suggesting further bullish move.