Bitcoin makes a higher low formation holding support, which is important to note since ETC moves partly in tandem with Bitcoin. ETC looking quite bullish here with an Inverse Head & Shoulder pattern. Stop losses should be placed below the right shoulder, and sell targets should be around $42.00. Entry of 36.25 - 36.75 gives a Reward/Risk (R/R) of approximately 2:1.
Since Bitcoin has the potential to break its longer term trendline IF it pushes up, consider only taking 50% off your ETC position and letting the rest ride for all-time highs (ATH's).
Since Bitcoin has the potential to break its longer term trendline IF it pushes up, consider only taking 50% off your ETC position and letting the rest ride for all-time highs (ATH's).