ETC has been fairly quiet since it's last rally but it's been in a channel and near some long supports. The weekly RSI has a clear level for resistance/support which I've circled. You can see where it's bounced and failed. It currently appears as if it's bounced and looking to rehold.
if it does, I'm thinking a bounce to the top of the channel, retest of the long term support. If that long term support holds, 2021 could see it move.
if it does, I'm thinking a bounce to the top of the channel, retest of the long term support. If that long term support holds, 2021 could see it move.
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We are sitting at the last major resistance to start following through with this idea. RSI/MACD all looking good so far
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Trade geschlossen: Ziel wurde erreicht:
Target reached - I'm seeing a pull back to $11, before moving up and out of the current structure
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This played out pretty perfectly. Here's what I see next - ill publish this soon: