ETC BREAKOUT?
ETC BTC ratio chart broke out of red triangle ( with decreasing volume) while shooting away from the 100 dma and through the 23% fib retracement.
ETC also broke through hard resistance line X and looks to be headed for the top of the fib zone.
Eventually ETC will see resistance at the top of zone 4 (top of the blue channel).
Line X and the middle blue line of the diagonal channel offer support
Watch for stochastics to embed above 80 and RSI to spike above 70... if this happens ETC could be headed for all time highs.
ETC also broke through hard resistance line X and looks to be headed for the top of the fib zone.
Eventually ETC will see resistance at the top of zone 4 (top of the blue channel).
Line X and the middle blue line of the diagonal channel offer support
Watch for stochastics to embed above 80 and RSI to spike above 70... if this happens ETC could be headed for all time highs.
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