ETC remaining bullish?
A couple of days ago, I posted a negative view on the outlook of ETCUSD. I mentioned that it needs to close above the trendline decisively to continue the bullish climb.
It appears that today's jump accomplished just that. It however remains to see whether ETC can remain at this level and consolidate. As common in this market, there's a lot of FOMO that pushes the price too high and a subsequent drop may again pull the price under the trendline. By Monday, we'll know if this is a bull trap.
It appears that today's jump accomplished just that. It however remains to see whether ETC can remain at this level and consolidate. As common in this market, there's a lot of FOMO that pushes the price too high and a subsequent drop may again pull the price under the trendline. By Monday, we'll know if this is a bull trap.
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