ivogruev
Long

Key resistance at 0.018 for Ethercoin

KRAKEN:ETHXBT   ETHXBT
111 0 2
The bulls are making some steps to regain trust. The most important resistance for the short therm is 0.018. If the price of Ethercoin breaks above this level and manage to stay there transforming it to support it will be a sign for the end of the bearish move. If the ziz zag corrective pattern for wave 4 (blue) is over we can expect a rise above 0.037. That means the price of Ether can double or even triple in the next several months. To find more confirmations i need to see break out above 0.023 and 0.03. It will take weeks before the price could test that levels.
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