This is why we can buy ETC right now.
As you can see, ETC price pull back on fibonacci retracement 50%.
And this time price is being supported by EMA50 and EMA100.
Using Gann Fan to see target zone around 9$ (this is also a strong support on Oct-Nov 2018 )
Because price is not going above EMA200 so we have to stop loss around 4.8$.
If price comeback, we...
ETC has shot out of the same pattern every coin seems to be showing. an ascending triangle. if this is in fact a new bull market these white waves 1-5 are in play. If that is so, then we appear to be on blue wave 3/4 of white wave 3.
so far things are looking very good and as stated on my telegram channel, as long as we hold the white upper line of that ascending...
$ETC Looking good againts USDT pair, trying to flip the 5.3$ resistance zone....
UCTS Buy signal active on the 1D
Volume increasing over the last days (lets see if it can hodl it...)
RSI over 80 & MACD Rising...
If it gets traction over the next days...
ETCBTC has been trending bullish since early March. We see an opportunity for a low risk, high reward trade entering in this recent pullback and bounce from its lower trend lines.
Buy: 4.6 - 4.8
Target 1: 4.9793
Target 2: 5.1367
Target 3: 5.3065
Target 4: 5.4827