Bitcoin makes a higher low formation holding support, which is important to note since ETC moves partly in tandem with Bitcoin. ETC looking quite bullish here with an Inverse Head & Shoulder pattern. Stop losses should be placed below the right shoulder, and sell targets should be around $42.00. Entry of 36.25 - 36.75 gives a Reward/Risk (R/R) of approximately...
Please note that this chart is inverted.
Looking at volume spike to the 6k bottom, plus this potential 3 candle reversal pattern, the weekly closing at or above 9400 signals a strong reversal pattern. RSI and stochastic are both near historical bottoms as well, setting up for a strong move to the upside.
