ETC is breaking out of a long-term downtrend (evidenced by the downtrend line being broken and retested on the chart).
Also seeing MACD crossing bullish on 10HR timeframe and above 0 boundry, rising OBV above previous highs.
All this is indicating to me that we're close to a large move for ETC. I think if ETC does break out here, it should hit the $59-69 region over the next 2 or so weeks. Also possibility, it stalls at the lower resistance.
Let's see.
Also seeing MACD crossing bullish on 10HR timeframe and above 0 boundry, rising OBV above previous highs.
All this is indicating to me that we're close to a large move for ETC. I think if ETC does break out here, it should hit the $59-69 region over the next 2 or so weeks. Also possibility, it stalls at the lower resistance.
Let's see.
Comment:
Think the big move is finally coming. Could go as high as $93. Entered earlier today.
