Short

ETC headed downward, $1.50?

Similar to what was shown in my bearish outlook on , ETC has formed a macro bear flag that has been cleanly broken. The flag suggests 2 reasonable price targets:

[*~$3.60]
[*~$1.50]

Note 1: Stoch RSI suggests bulls have had their fun and the best they could muster was a flag. Continuation likely and expected.

Note 2: A break and close above ~$5.00 will prove this TA void.

Note 3: None of this is investment advice. This is for educational purposes only.

Crypt0Jack

Follow me on each of my platforms to keep up to date:

Twitch.tv/CryptoJack
Twitter.com/@CryptoJackLive
tradingview.com/u/Crypt0Jack/
youtube.com/@cryptojacklive

Also on:

Related publications

BTC to $900's?

by Crypt0Jack

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.