After its aggressive push to 180, ETC mean reversed and bounced off of 91 which was the previous 2.618 of the fib.
It is now sitting just above 100 at 107 giving us a good buying opportunity.
My initial final target was 132 (which got completely shattered) but we now have new targets :
125 (resistance + 38.2% of the fib)
146 (resistance + fib)
This coin has been extremely bullish as of late. Possible FA analysis might involve its one of the cheaper coins available to Coinbase users.
Let's see how this plays out! I would long from the ODIN ZONE.
We're now in the midst of a testing of the trendline we've been following for 2 days now, this is by far the greatest so far. We're right now under the trendline, but well need to see it confirmed on the hourly. Since the stoch rsi and RSI is low both on the 4hr and 1hr and 15 min and 5min. I see a great chance of buying low, if it fails and falls through not that...
ETC has had a massive run up!
Currently ETC is forming a symmetrical triangle here.
Waiting for a breakout, if we break towards the upside a long entry after retest would be best option.
If we break towards to the downside there is a very good chance we will test $99 support (previous consolidation area).