Today we are going to look at ETCUSD 1D Chart. Coinbase announcement gave to ETC a strong impulse that helped us to leave local downtrend. Now we can see ETC is going to face resistance downtrend line since 02-20. Awesome Oscillator is above 0, but we need to wait till todays candle closes. It is a good bullish sign, but if you are not in long yet, I would wait till we break through yellow downtrend line (not a financial advice).
We are above both 15 and 30 EMA. Also a good starting uptrend sign. Now I'm just worried about yellow downtrend line. Everything else looks sweet and bullish.
Aroon up is also showing buy signal.
Our targets are next: 1. 18 USD 2. 21 USD 3. TO THE MOON, jk, its around USD 25 and 30. But we need to overcome local resistance levels first, I think bulls have enough strenght to do so.
Going to keep you updated guys!
Don't take risks, wait for the confirmation of trend. Please leave a like and follow, let's make money together! Thank you!
what do you think about that dip today? a good entry point for ETC? or should we wait to confirm the trend past the yellow line :)
lordTim495
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@MDSingh, hey! I just updated my EMC idea, you can check it. I think it is a better deal. It would be okay to buy ETC now if we didn't have that downtrend line. So we don't know exactly why ETC is going down, be cause of BTC or be cause of downtrend line. I would better wait till we overcome this line.