ETC/USDT : No more space to go higher
ETCUSDTHello everyone 😃
ETC is now moving below bearish trendline.
It seems that MACD wants to get bullish again but on higher timeframes, Technical indicators are very overheated !
on daily TF, ETC have 7 consecutive positive candles.
Last time that ETC had this continuation on candles, It retraced for 3 consecutive days !
Now we are on second day of retracement, So there will be more room for bears to dump ETC...
Have to mention that ETC is currently at support zone ( $114 - $110 ), So there is a chance for ETC to bounce for short-term again.
But MA50 is acting a stiff resistance near $128; So there is no expected growth for ETC anymore..
🔰 Based on FIBBO levels mentioned zones below current price are the possible points for bulls to make a pullback from them !
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
Helical_Trades
Trade closed: target reached
Smoothly touched our target ;)
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🔴 Don't forget to join our channels for FREE Premium stuffs !
TELEGRAM :
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Instagram ( Persian - فارسی ) :
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TELEGRAM :
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Instagram ( Persian - فارسی ) :
instagram.com/helical_trades/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.