ETC breaks a resistance line, turning bullish for a short while
As we see the red resistance line has been broken, which caused a little pump today of aprox 10%.
I am expecting local resistance around the red box, and any close within this box can see a bigger volume of sellers and it may come down in price for a short while, but not for too long.
If it closes in the green box within the next three days, then there is high chance it will continue upwards perhaps to $35
I am expecting local resistance around the red box, and any close within this box can see a bigger volume of sellers and it may come down in price for a short while, but not for too long.
If it closes in the green box within the next three days, then there is high chance it will continue upwards perhaps to $35
Note
First resistance target hit. Expect a pushdown to $22Note
We have hit the resistance, and BTC has formed a little bit of a bearish pattern, so for now we are going down. Please check new chart.
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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.