In the last one week, ETC has formed clear upside momentum, since the Coinbase news came out. In the week, it has broken above the $16 key resistance level, a major indicator that a bull run is underway.
This is confirmed in intra-day trading, where ETC is trading below a major resistance level at $16.79 at the 100-day moving average. That’s an indicator that ETC could decline slightly in the day, and test $15, along the 55-day moving average.
Intra-day volumes are low too, and support the possibility of a slight dip in price. However, the overall momentum is bullish, and a dip would be a good buying opportunity.
Lets see if manages to break the resistance and goes upwards.