Observing ETC
Bunch of lines. Just trying to figure out where ETC is going.
ETC is one of my favorite alt coins. Fundamentally very strong with a lots of events ahead.
- Short term:
Ascending triangle + macd cross-> should be enough to push it through 0.00234567 sats resistance making first target 0.0028 green line which would match 0.786 fib retracement.
- Mid and long term:
ETC seems to follow rising channel in purple dotted lines. There's also one tentative faster rising channel (purple dashed lines). If remains bullish, ETH should double it's Bitcoin value by the end of April and reach ATH levels by November 2018.
Purple lines: weekly resistance / trend lines
Green lines: daily
Orange lines: 4h
ETC is one of my favorite alt coins. Fundamentally very strong with a lots of events ahead.
- Short term:
Ascending triangle + macd cross-> should be enough to push it through 0.00234567 sats resistance making first target 0.0028 green line which would match 0.786 fib retracement.
- Mid and long term:
ETC seems to follow rising channel in purple dotted lines. There's also one tentative faster rising channel (purple dashed lines). If remains bullish, ETH should double it's Bitcoin value by the end of April and reach ATH levels by November 2018.
Purple lines: weekly resistance / trend lines
Green lines: daily
Orange lines: 4h
Note
Nice bounce on 203k level, rising channel still in play
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