Ethereum Classic Awakes (Strongest Move In Many Months)

Ethereum Classic (ETC) has been sleeping for quite a while now and just made its strongest move in over a year... This opens up the doors for additional bullish action.

Here are the signals that are coming from the chart:

• Massive increase in trading volume, highest since September 2018.
  
• Break above EMA10. First time since December 2018. Traded above EMA10 for more than a week only on July 2018, so this is quite the strong signal.
  
• Super bullish MACD and RSI.
  
• Resilient altcoin. Very likely to hold strong on the way up.
  

A close below EMA10 would invalidate the signals above and turn ETCBTC from bullish to bearish.

This is not a piece of trade advice.

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Comment:

It can take weeks for this wave to be resumed. Patience is key always in this game.

All information here is shared for learning and entertainment purposes only.

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