Just a few thoughts on ETC - Obviously with Castello Airdrop overall ETC is on the rise, there is allot of interest in this coin.
It has been consolidating for some time and has just jumped out of the triangle, but looking to have been rejected by the major (dotted) trend line and retest around 35.775 is possible.
IF we converge on the two lines and give into selling pressure, its likely we will retest the blue trend that has been forming since the 6th Feb. ON the other hand, a bounce supported by reasonable Vol. should indicate an push upward through the Purple channel.
Also, we could just bounce around here for a few days, these are my thoughts.
This is by no means investment advice of any kind.
GMTK
It has been consolidating for some time and has just jumped out of the triangle, but looking to have been rejected by the major (dotted) trend line and retest around 35.775 is possible.
IF we converge on the two lines and give into selling pressure, its likely we will retest the blue trend that has been forming since the 6th Feb. ON the other hand, a bounce supported by reasonable Vol. should indicate an push upward through the Purple channel.
Also, we could just bounce around here for a few days, these are my thoughts.
This is by no means investment advice of any kind.
GMTK