it looks that ETCBTC broke the horisontal supportline. We are now around the stronger supportline seen in the graph.
ETCBTC is clearly in a solid bulltrend - I hope that the airdrop will results in very high volume as seen prior in time - we are talking around 10-20X volume compared to yesterday - this will results in sharp price rises.. It is definetely not to late for that yet.. That would be a nice bonus for early riders..
The other way would be to see steady increasement in marketcap/prices, due to all the new things that are happening with ETC. If we stay in the support channel we would reach target 1 very soon.
We could also brake the supportline - I doubt that, given above section.
Looking at ETCUSD, we see that we are clearly above the strong supportline - meaning that BTC also sofar has been the "badguy" here
@jarking, Indeed.. I also liquidated a large portion of my ECTBTC possition... The risk/reward might change to the bad side, if we dont see high volume during today/tomorrow
@nevzus, I saw, observed that a horisontal support prior was broken, so I decided to go out.. However I am considering to enter into the trade again.. To many have sold and shortet - hence people are going close positions and new buys are going to start to get in around supportline - hence we can expect to see a buying presure