ETCUSD Bearish or Bullish ?
Hello Guys! this the chart of ETCUSD 4H.
Points to monitor -
1. on the 4 Hour Chart conversion line crossed up base line below the cloud this is sign that market is recovering and you should close your short position. On the daily chart conversion line is still below the base line.
2. on the daily chart moving averages are little away from price, if indicator show momentum ETC should touch MA on the daily chart.
3. Stochastic RSI is showing overbought on 4H chart and a little movement in the daily chart
4. Now we should look at the resistance 12.238$ and 13.668$
Points to monitor -
1. on the 4 Hour Chart conversion line crossed up base line below the cloud this is sign that market is recovering and you should close your short position. On the daily chart conversion line is still below the base line.
2. on the daily chart moving averages are little away from price, if indicator show momentum ETC should touch MA on the daily chart.
3. Stochastic RSI is showing overbought on 4H chart and a little movement in the daily chart
4. Now we should look at the resistance 12.238$ and 13.668$
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