ETCUSD Still in the Hunt
It’s been a hot minute since I shilled for ETC, but here it is. Check previous ideas on it for the little bit I know about the use case for it. If you know something, share it in the comments or shoot me a message.
ETC’s recent run up to the $9 range was enough to drag the 50 SMA on top of the 100 SMA. Still a far cry from the golden cross we’ve seen with BTC. How about a silver cross? Anyhow…either this project is gaining traction through its upcoming interoperability with the ETH blockchain, or sentiment is slowly building for it. Let’s not forget that this was a $35-$40 coin in the last bull market. Not too many legitimate projects are still on an 85% off sale.
What to do…
Being a small cap project, I plan to stick to higher timeframes to filter out the noise. The current trendline from the winter needs to hold. Price needs to reclaim the 50 SMA on the three day chart and make an upward cross on the 5 RSI midline. That should coincide with price being on top of the daily 200 SMA.
I have an alert set for RSI action. Will update when this becomes a thing. Kind of a penny stock of the cryptos…don’t miss out on this one.
ETC’s recent run up to the $9 range was enough to drag the 50 SMA on top of the 100 SMA. Still a far cry from the golden cross we’ve seen with BTC. How about a silver cross? Anyhow…either this project is gaining traction through its upcoming interoperability with the ETH blockchain, or sentiment is slowly building for it. Let’s not forget that this was a $35-$40 coin in the last bull market. Not too many legitimate projects are still on an 85% off sale.
What to do…
Being a small cap project, I plan to stick to higher timeframes to filter out the noise. The current trendline from the winter needs to hold. Price needs to reclaim the 50 SMA on the three day chart and make an upward cross on the 5 RSI midline. That should coincide with price being on top of the daily 200 SMA.
I have an alert set for RSI action. Will update when this becomes a thing. Kind of a penny stock of the cryptos…don’t miss out on this one.
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