Similar to what was shown in my bearish outlook on
BTCUSD
, ETC has formed a macro bear flag that has been cleanly broken. The flag suggests 2 reasonable price targets:
Note 1: Stoch RSI suggests bulls have had their fun and the best they could muster was a flag. Continuation likely and expected.
Note 2: A break and close above ~$5.00 will prove this TA void.
Note 3: None of this is investment advice. This is for educational purposes only.
Note 1: Stoch RSI suggests bulls have had their fun and the best they could muster was a flag. Continuation likely and expected.
Note 2: A break and close above ~$5.00 will prove this TA void.
Note 3: None of this is investment advice. This is for educational purposes only.
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