ETCUSD Perfect double bottom was formed around 40.00 from this level its jumped almost 100%. Previously the 200 Exponential moving average was acted as resistance around 115.00 and now 200 EMA has turned as dynamic support for the bullish run the trend line was already broken.The primary target would be 115.00 and the extended target would be 135.00. We can set our stop lose below the 200 EMA. The current price was around .50 Fibonacci
Good analysis. BTC and ETH and XRP and LTC have the same hourly chart now...ETCUSD has a big problem with pass 80$...
velmunis
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@mjelicespanol yeah still confronting with major key psychological level
GSSanchez9889
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Is $90 the psychological resistance level that ETC needs to break? If so, how soon could it happen?
velmunis
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@GSan8991 if the bullish momentum was strong it will break soon
GSSanchez9889
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@velmunis, Upon viewing the 5-Day Chart, its bullish momentum is increasing by the day after bottoming out at around $41 per ETC.
Nazgul_RW
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Why is this coin pumping?
velmunis
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@Nazgul_RW most of the altcoins are Etherium tokens only..so Etherium is considered as most valuable after bitcoin
VoodooSkaMan
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@Nazgul_RW My guess…it’s the second cheapest crypto on Robinhood, it’s not as volatile or meme-like as Doge, and it’s cheaper than and has Ethereum in its name. Just a guess.
Nazgul_RW
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@VoodooSkaMan, Probably, but all that makes it a meme-coin too :P. Anyway, seems good to trade but not to keep for long.