ETC is now moving below bearish trendline. It seems that MACD wants to get bullish again but on higher timeframes, Technical indicators are very overheated ! on daily TF, ETC have 7 consecutive positive candles. Last time that ETC had this continuation on candles, It retraced for 3 consecutive days ! Now we are on second day of retracement, So there will be more room for bears to dump ETC... Have to mention that ETC is currently at support zone ( $114 - $110 ), So there is a chance for ETC to bounce for short-term again. But MA50 is acting a stiff resistance near $128; So there is no expected growth for ETC anymore..
🔰 Based on FIBBO levels mentioned zones below current price are the possible points for bulls to make a pullback from them !
Attention: this isn't financial advice we are just trying to help people on their own vision.
@ArtfulDodger1974, Not sure I agree with this chart either, but there is certainly some good information here which I can respect, the fact is things are quite exhausted, from what I understand lots of it is contingent on Musk tn on SNL... Which is concerning haha, I expect a rally and when that shit airs I am liquidating everything haha.