RSI resetting, oversold with new lows and increased selling pressure showing selling is running out of steam.
MACD still provides some downside but is nicely resetting and from previous moves will run quickly.
Strong support and resistance levels at 7 and 8 are noted. A solid PT of $8 with possibly upside to $8.5 and beyond.
If the current hot sector continues with BTC breaking $50k could see sympathy play of ETC beyond $8.5.
MACD still provides some downside but is nicely resetting and from previous moves will run quickly.
Strong support and resistance levels at 7 and 8 are noted. A solid PT of $8 with possibly upside to $8.5 and beyond.
If the current hot sector continues with BTC breaking $50k could see sympathy play of ETC beyond $8.5.