Short

ETC/USDT : No more space to go higher

Updated

Hello everyone 😃

ETC is now moving below bearish trendline.
It seems that MACD wants to get bullish again but on higher timeframes, Technical indicators are very overheated !
on daily TF, ETC have 7 consecutive positive candles.
Last time that ETC had this continuation on candles, It retraced for 3 consecutive days !
Now we are on second day of retracement, So there will be more room for bears to dump ETC...
Have to mention that ETC is currently at support zone ( $114 - $110 ), So there is a chance for ETC to bounce for short-term again.
But MA50 is acting a stiff resistance near $128; So there is no expected growth for ETC anymore..

🔰 Based on FIBBO levels mentioned zones below current price are the possible points for bulls to make a pullback from them !

Attention: this isn't financial advice we are just trying to help people on their own vision.

Have a good day!
Helical_Trades

Trade closed: target reached

Smoothly touched our target ;)

Helical_Trades

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