Ethetc
ETHBTC Keep an eye this week
1. Last 5 days bars More Bias towards Buyers
2. Did not drop with the significant decline of BTC yesterday (?? Dissociation)
3. Break of RSI trend line
4. MACD turning up
Fundamentally would form a good option for those unsure about BTC 1st of August upgrade
Number 2 in Market cap with a lot of trust and interest behind it
Resistance levels defined on previous charts
Main trigger for definite buy is a break out of our previous trend line
ETHETC: Watch these price targets and time targetAs much as I dislike ETC, the chart here shows some levels where price could reverse...as well as the time target expiration for the last rally in this pair. Overall, I am in favor of investing in Vitalik Buterin's project, so, from day 1 I didn't think ETC was a good thing to hold. The chart has proved me right thus far, but at one point, it might become a good 'Ethereum hedge' in case of a top in the rally.
This could coincide with the point when the monthly trend tops in ETHEUR, so it wouldn't surprise me if that's the case.
Just set some alerts here, and stay ready for updates. It might just keep going until the time expires, then we would need to revisit the chart and track progress and update the fundamentals.
Cheers,
Ivan Labrie.