ETC is expected to rise in 5 waves.
The following are machine translations:
On the daily chart, it started to rise from the double bottom structure below, and the low point of the callback continued to rise. This time it was blocked at 45 and fell, and it fell back to the starting point of the big Yangxian on July 28, stopped falling and rebounded, and is expected to rise in the fifth wave.
The indicator macd bullish energy column shrinks, and the RSI indicator lingers in the oversold zone.
Summary: The pattern is expected to rise in 5 waves, and the indicators are all in a bullish trend. At present, the decline has stopped and the rise is expected. The 5th wave is expected to open, and the upper target is near 50.
On the daily chart, it started to rise from the double bottom structure below, and the low point of the callback continued to rise. This time it was blocked at 45 and fell, and it fell back to the starting point of the big Yangxian on July 28, stopped falling and rebounded, and is expected to rise in the fifth wave.
The indicator macd bullish energy column shrinks, and the RSI indicator lingers in the oversold zone.
Summary: The pattern is expected to rise in 5 waves, and the indicators are all in a bullish trend. At present, the decline has stopped and the rise is expected. The 5th wave is expected to open, and the upper target is near 50.
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