We can say we have finally bullish signs on ETC.
The last peak broke thecrucial resistance at 0.001400.
Although we are below this level currently, the first step was made.
We can expect further upward moves.
Here are the technical analysis details:
• Bollinger Bands – we can observe right now large on the price.
As we are in the uptrend right now the price often stops at MA20 – in the middle of the BB.
• We should easily break up 0.001400
• Further, the price has to prove it is capable the break up previous resistance at 0.001567
• The consecutive resistance is at 0.001752. This is our goal for the upcoming days.
• Weis Waves – the supply is decreasing – good. All we need is demand.
• WBM Indicator – the price has a negative saturation. This is a good point to buy and wait for the rally.
So this is a solid project with constant development.
We think good times for ETC are about to come.
They need better leadership and marketing.
The rest will follow.
What are your predictions?
Are you already in?
Thank you for reading.
Have a wonderful weekend.