I'd like to interpret it as weak. Here is my argumentation:
-> Firstly, it is acting weaker than TOTAL index (orange line). Despite the overall bullishness in crypto-industry, ETC has been remaining flat over the last days or even weeks.
-> These are SLKT bars. They aimed to attract buyers into pseudo-pump and kill SLs of sellers around psycho-number 13.0.
The last red wide bar also looking as the attempt of bears to counter-attack and breakdown blue trend-line. Taking into account growing FOMO emotions on the crypto market, and possible pullback - ETC bears can use it reach new lows below 11.0.
Anyway, expect support from DB around 10.0
-> Firstly, it is acting weaker than TOTAL index (orange line). Despite the overall bullishness in crypto-industry, ETC has been remaining flat over the last days or even weeks.
-> These are SLKT bars. They aimed to attract buyers into pseudo-pump and kill SLs of sellers around psycho-number 13.0.
The last red wide bar also looking as the attempt of bears to counter-attack and breakdown blue trend-line. Taking into account growing FOMO emotions on the crypto market, and possible pullback - ETC bears can use it reach new lows below 11.0.
Anyway, expect support from DB around 10.0
Check my taplink.cc/chartreadingpro
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.
Check my taplink.cc/chartreadingpro
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.