We've seen what an airdrop has done to other coins. The move is not certain. The yellow channel has been the lead since some weeks ago (again), but it looks like in the 4hr chart there is a Bearish Triangle in the move.
ETCUSD
is oscillating on the conservative-uptrend channel, but it is compressing. If it keeps it's way in the channel, we can still expect for a bullrun before the ICO (DYOR, it doesn't have the same impact on every coin). If it falls from the channel again... The first support will be around 31 dlls (last bounce - fib).
As you can see, the green (upper) channel, which represents an optimistic uptrend, was the resistance in the last bullrun.
I'll update tomorrow.
ETCUSD
is oscillating on the conservative-uptrend channel, but it is compressing. If it keeps it's way in the channel, we can still expect for a bullrun before the ICO (DYOR, it doesn't have the same impact on every coin). If it falls from the channel again... The first support will be around 31 dlls (last bounce - fib). As you can see, the green (upper) channel, which represents an optimistic uptrend, was the resistance in the last bullrun.
I'll update tomorrow.
Comment:
Would you look at that perfect bounce at the first support? If we want to dream again, today needs to be a good ol' green day.
Comment:
I'll update the graph... It looks like we are having a descending wedge...