ETC forming red triangle formation
We could see another drop to 6 dollars before breaking this triangle and either moving further down to zone 3 and the 50% retracement or bottom blue line of the zone 3 channel.
If we can breach to the upside above the 23% fib ret, 100dma (pink line) we should see a strong move into zone 4, bound only by the top of the fib retracement and the upper blue line of zone 5.
Could this be the setup before double digit ETC?
Watching for RSI to continue climbing upward and for the stochastics to embed above 80 to confirm a breakout.
We could see another drop to 6 dollars before breaking this triangle and either moving further down to zone 3 and the 50% retracement or bottom blue line of the zone 3 channel.
If we can breach to the upside above the 23% fib ret, 100dma (pink line) we should see a strong move into zone 4, bound only by the top of the fib retracement and the upper blue line of zone 5.
Could this be the setup before double digit ETC?
Watching for RSI to continue climbing upward and for the stochastics to embed above 80 to confirm a breakout.