ETC is failing the 150 sma but we still have a very strong 200 sma at 596 USD which we will visit soon most likely.
The bears are still stronger than the bulls on the DMI with a strong downtrend, i would not go long on ETC unless i see developments on DMI with candles making a hammer or a morning star from 200 sma.
if that happens my buy would be 200 sma and my sell would be 150 sma or the descending channel depending on how strong the trend is.
this is not a financial advise by any means.
The bears are still stronger than the bulls on the DMI with a strong downtrend, i would not go long on ETC unless i see developments on DMI with candles making a hammer or a morning star from 200 sma.
if that happens my buy would be 200 sma and my sell would be 150 sma or the descending channel depending on how strong the trend is.
this is not a financial advise by any means.
Comment:
As expected and looks very bad as btc failed 200 sma