ETC with relative strength
Hey guys, hope you're doing all fine! ;) ETC shows some relative strength which is obviously still related to the Coinbase listing. We managed to form a higher low compared to the June 10 low at $12, with a crazy doji reversal on the Daily.
On the 4H we're upholding both EMAs 12 & 26 as support. On the hourly we've been beautifully riding the 12 EMA as support, after breaking the neckline of the inverse H&S to the upside. But once we lose the hourly higher lows, we have to look for a 4H higher low to be established, and we have still much room until the EMAs on the 4H for consolidation.
All in all, ETC still shows a clear relative strength, with the 15-16 Dollar range as an important support/resistance area.
If you find my analysis helpful, please like & subscribe, and watch my daily videos! ;) (description in my status)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
On the 4H we're upholding both EMAs 12 & 26 as support. On the hourly we've been beautifully riding the 12 EMA as support, after breaking the neckline of the inverse H&S to the upside. But once we lose the hourly higher lows, we have to look for a 4H higher low to be established, and we have still much room until the EMAs on the 4H for consolidation.
All in all, ETC still shows a clear relative strength, with the 15-16 Dollar range as an important support/resistance area.
If you find my analysis helpful, please like & subscribe, and watch my daily videos! ;) (description in my status)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
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