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ETCUSD The Bottom is in. How to trade next.

BITFINEX:ETCUSD   Ethereum Classic
Ethereum Classic is extending a strong rebound after the December 17 low, which on a 12-month basis appears to be the bottom of this cycle as the bounce happened inside the 3.300 - 3550 1M Support Zone. Even the RSI sequences of the (Dec 2018-Feb 2019 with Nov 2019-Jan 2020) are similar.

So what's now then for ETC? In my opinion we should focus on the Symmetrical Resistance levels. The 1st is at 5.900. If that breaks, I expect an extension to 7.000 before a new pattern emerges. If the price gets rejected at 5.900 then we will most likely test the intermediate pivot line (black dashed bold line) of the downtrend sequence that started in June. If it holds, then that would be a great sign for Bulls and the best buy entry for the strong rise to follow.

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