If one takes a look at the chart above, we could see that ETC has done a bullish
crossover called 'golden cross'. The golden cross indicates a bull market on the horizon and is reinforced by high trading volumes. In ETC's case, it is the shorter-term 50-day EMA
breaking above its long-term 100-day EMA
in a bullish
move. However, a word of caution for traders, the current RSI
reading is at 72.7, which is a bit above the commonly used overbought threshold of 70. This clearly suggests that the coin is in overbought zone. I expect a short term price decline of 5% to 10% in the next couple of days, but do not worry, the uptrend is very strong which will continue in the next few weeks.