ETC is likely driven by upcoming Callisto hardfork which is expected to happen on March 8th on block 5500000.
ETC USD performed a nice 0.618 retracement from 38.900 to 33.298. Now it is making wave 3 with targets 44.2 and 52.8. RSI on 4h chart is strong and supports movement.
Trade active
ETC is still heading towards wave 3 on 4h chart. Within wave 3 a new impulse wave seems to be forming. It should be possible to make some 5% or so. Our targets at 44.2 and 52.8 remain. Within we can expect some minor targets: 39.7 and 40.5. A small retracement of 3% should occur on rally to 44.2/55.8
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.