Hi Friends
Here is my TA for ETC.
In the last one week, ETC has formed clear upside momentum, since the Coinbase news came out. In the week, it has broken above the $16 key resistance level, a major indicator that a bull run is underway.
This is confirmed in intra-day trading, where ETC is trading below a major resistance level at $16.79 at the 100-day moving average. That’s an indicator that ETC could decline slightly in the day, and test $15, along the 55-day moving average.
Intra-day volumes are low too, and support the possibility of a slight dip in price. However, the overall momentum is bullish, and a dip would be a good buying opportunity.
Lets see if manages to break the resistance and goes upwards.
Thank you Guys
