ETC/BTC Binance
Updated
Its far from where the good buy points were. Id recommend waiting to see what happens to buy. There seems to be a massive amount of resistance above the current price. But I feel good about where the price is in regards to the avg bottom that it used to hold.
I wouldn't trade it because other coins are more obvious with their TA, BUT...
the current trend has checked the .5, so seeing a bounce at 2446 would seem ok, but the inability to go higher than the recent high seems to be a big bear flag.
I have good faith in 2144-2172 as a steady base, instead of the old 2000. the next place i would be kind of ok with is 2231.
All of it can be followed on the chart, so there isn't much to say.
I wouldn't trade it because other coins are more obvious with their TA, BUT...
the current trend has checked the .5, so seeing a bounce at 2446 would seem ok, but the inability to go higher than the recent high seems to be a big bear flag.
I have good faith in 2144-2172 as a steady base, instead of the old 2000. the next place i would be kind of ok with is 2231.
All of it can be followed on the chart, so there isn't much to say.
Note
Heres the 4hr to give some better insight. With this recent bounce i feel a lot better about ETC's current short term price.I see ETC as a coin in a bad spot, but still trying to find its new base (old base of 2k).
the .5 on the smaller trend and the yellow line haven't been used. It also seems that we can see a possible wedge formed/forming. I like these two things because it gives me the the impression that we might see a wedge that shoots upwards, or a wedge that fails, falls to the support under, and then moves upwards.
Because i think the new base is still trying to be found, I also think ETC is slightly different from other alts at the moment.
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