After a rounding bottom reversal, ETC has been quite volatile in the 1x to 1.618x zone. Earlier, it has finally broken the 1.618 resistance.
It's normal to see a retracement to around this level before further gains. The indicators don't show an overbought situation on the 4h scale, but for 1h they do. Perhaps this retracement will only last till around 12-13 UTC.
ETC has managed to stay above the trendline during the volatile period. It's likely to be a safe mid-term entry.
It's normal to see a retracement to around this level before further gains. The indicators don't show an overbought situation on the 4h scale, but for 1h they do. Perhaps this retracement will only last till around 12-13 UTC.
ETC has managed to stay above the trendline during the volatile period. It's likely to be a safe mid-term entry.
Comment:
Ascending triangle, possible breakout in a few hours
Comment:
unfortunately, following a round of sell-off driven by a small btc jump (really?) ETC is now possibly trading within a zone (as the ascending triangle was broken down).
I think support is 33-34, resistance 36-38
I think support is 33-34, resistance 36-38
Comment:
bullish flag breakout imminent
Comment:
previous resistance is likely to become new support. I think we may be looking at a double bottom before further gains. ETC still bullish. Maybe even 30-40% before Christmas.
