ETC bitcoin ratio recently topped and fell through support at lines z, b and the 37% retracement. Lines c (red triangle), y (green long term support), the 50% retracement and the 100 day moving average (pink line) are currently offering support.
RSI is approaching 20 (where we typically see reversals) but if we dip underneath we could see the price dip further into zone 3, potentially finding line x as support (~0.0034 btc)
MACD could extend further but is looking primed to reverse upward.
Will be bullish if we can reach the upper half of zone 2 and build support at line z ( ~0.0045 btc)
RSI is approaching 20 (where we typically see reversals) but if we dip underneath we could see the price dip further into zone 3, potentially finding line x as support (~0.0034 btc)
MACD could extend further but is looking primed to reverse upward.
Will be bullish if we can reach the upper half of zone 2 and build support at line z ( ~0.0045 btc)
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