ETC has been trying to break down of the 50% retrace for the last 4 candles. Since most of the altcoins are currently waiting for Bitcoin to break out of the inverse h&s, I would just wait and see if ETC can go down to the price range of $26.5 - $27.9 to see how it reacts once it hits that price range.
If ETC does bounce nicely when it hits $26.5 (ideally), shown in blue dotted line, and indicators are showing bullish signal, I would be looking to place a buy order then.
Note that the 50EMA is getting closer to the 200EMA, which does not look promising. Need to keep an eye on them.
If ETC does bounce nicely when it hits $26.5 (ideally), shown in blue dotted line, and indicators are showing bullish signal, I would be looking to place a buy order then.
Note that the 50EMA is getting closer to the 200EMA, which does not look promising. Need to keep an eye on them.
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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.