ETC price is into overbought territory but don't worry

BITFINEX:ETCBTC   Ethereum Classic / Bitcoin
If one takes a look at the chart above, we could see that ETC has done a bullish crossover called 'golden cross'. The golden cross indicates a bull market on the horizon and is reinforced by high trading volumes. In ETC's case, it is the shorter-term 50-day EMA breaking above its long-term 100-day EMA in a bullish move. However, a word of caution for traders, the current RSI reading is at 72.7, which is a bit above the commonly used overbought threshold of 70. This clearly suggests that the coin is in overbought zone. I expect a short term price decline of 5% to 10% in the next couple of days, but do not worry, the uptrend is very strong which will continue in the next few weeks.
Join us & Enjoy

I trade Bitcoin Futures,XRP,ETH,ETC,ADA,XLM,NEO,BCH,Dash with x100 leverage here

Please do your own research in addition to reading the TA. NEVER INVEST MORE THAN YOU CAN AFFORD TO LOSE
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out