ETCBTC is looking a lot like BTCUSD was in early 2019. Based on the current location within the pattern it seems like the safest trade is a long above the localized resistance (Red line). New lows with volume will likely invalidate the idea.
ETC seem to be doing what ETH did well in 2016, that being super high volume high liquidity bull market trading. The 4H (bottom panel) has an interesting pattern to it that has acted as horizontal support (see sideways red arrows). The daily chart is showing support and the volume seems to point to accumulation over the last few days.
As long as the price is above the previous sideways red arrow then the short term trade is to buying the dips and run with the bull.
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BTC Tip-Jar: 18BBg2dhuvxqwoH9u1sVeEwMgMqESAZ79a
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