ETC updateNot an advisor.
As previously posted, I have a price target of 200 for ETC. Giant flag, Simple as that. Well, one thing I'm seeing based off the chart is volume is basically dead. Which is a strong indicator that a price movement is to come about. Average volume usually drops down tremendously before a breakout. We have a nice reversal candle. Bollinger bands are squeezing up, another good sign for breakout after consolidation. Looking for these next few candles to come up and break through the 200 MA, if we don't there is a strong possibility that we drop lower. However, I believe we have the strength to bust through this and get started to to see some new highs, it will take some time to see it. But we should be under way in retesting the previous high. Stoch indicator is curling up on the blue line, once that crosses over the orange that will signal additional strength to the bull run. RSI is at 49.87 currently, I typically consider that bullish once it crosses over the 50 from how I've been taught. (situational- this would be a situational time)