Ethereum Classic (ETCUSDT) managed to move above EMA50 to the upside.
This is the first time this happens since July 2022.
Now, can it stay above EMA50?
We have the long-term higher low and basically the exact same conditions as we did last year.
The prognostications look good.
We can't say if it will or will not stay above this level.
The technicals are bullish and we can expect additional growth but here is how really things work...
If ETCUSDT moves back below EMA50, the mid-term bullish bias is lost.
Staying above this level and the bulls remain in control.
We got the breakout... It is for the market to decide how things will turn.
We should see growth for 1-2 months... Hopefully!
Namaste.
This is the first time this happens since July 2022.
Now, can it stay above EMA50?
We have the long-term higher low and basically the exact same conditions as we did last year.
The prognostications look good.
We can't say if it will or will not stay above this level.
The technicals are bullish and we can expect additional growth but here is how really things work...
If ETCUSDT moves back below EMA50, the mid-term bullish bias is lost.
Staying above this level and the bulls remain in control.
We got the breakout... It is for the market to decide how things will turn.
We should see growth for 1-2 months... Hopefully!
Namaste.
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🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
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.