Ethereum Classic Awakes (Strongest Move In Many Months)

AlanSantana Updated   
BINANCE:ETCBTC   Ethereum Classic / Bitcoin
Ethereum Classic (ETC) has been sleeping for quite a while now and just made its strongest move in over a year... This opens up the doors for additional bullish action.

Here are the signals that are coming from the chart:

  • Massive increase in trading volume, highest since September 2018.
  • Break above EMA10. First time since December 2018. Traded above EMA10 for more than a week only on July 2018, so this is quite the strong signal.
  • Super bullish MACD and RSI.
  • Resilient altcoin. Very likely to hold strong on the way up.

A close below EMA10 would invalidate the signals above and turn ETCBTC from bullish to bearish.

This is not a piece of trade advice.

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Thanks a lot for your continued support.

It can take weeks for this wave to be resumed. Patience is key always in this game.

All information here is shared for learning and entertainment purposes only.

Thanks a lot for the amazing support.

Have a great day.

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