The charts, when looking back from the beginning of Feb 6th to the peak Feb 20th shows us a break through resistance at the 0.618 Fib line but we are now sitting at the 0.786 line as support. The when it completes the downtrend will give a probable upswing as indicated by the blue arrow. Expect a little bit more consolidation before this happens as the orange staggered EMAs are continuing to consolidate before they indicate a trend reversal.
ETC 2hr chart:
- fell through 0.618 fib
- sitting at 0.786 fib support
- playing out - will result in upswing
- staggered EMA's (orange) showing consolidation and possible trend reversal incoming
If all plays out, can we see a possible 27.77% upswing?