Thoughts on ETC Before Airdrop
With ETC 4/5 days from the airdrop, we are sitting on a pivotal support level 300-320K. ETC has to hold this level and challenge the sharp downtrend that has continued for the past 5 days. I believe that we are still in a bullish trend as long as the bottom trend line is held but it may not be up to ETC to move if Bitcoin coins to be hyper volatile. If you notice the volume the past 5 days has completely died down because of this. I believe we will see another pump in the next few days but i will not be as strong as previously expected. We are also approaching the 50d EMA which could provide some support. Remember to set sell targets around previous resistance levels to ensure profits.
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