As with most charts, the market is still trying to decide where to take us next and the same applies to ETC.
We are in a symmetrical triangle that is soon to break. Key levels are on the chart and it is important to wait for this formation to break before taking a position.
The indicator on daily are a bit flat and we need to break out to get confirmation on next steps. On 4H timeframe we seem to want to push higher, therefore if we break above this triangle then we may have sufficient confidence to consider a long, however, watch BTC. BTC and ETH are not that bullish and may keep the market bearish for some time, do check those charts linked below.
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We are in a symmetrical triangle that is soon to break. Key levels are on the chart and it is important to wait for this formation to break before taking a position.
The indicator on daily are a bit flat and we need to break out to get confirmation on next steps. On 4H timeframe we seem to want to push higher, therefore if we break above this triangle then we may have sufficient confidence to consider a long, however, watch BTC. BTC and ETH are not that bullish and may keep the market bearish for some time, do check those charts linked below.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
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