ETC Setting up to get very bearish if it breaks trend
ETC will likely be testing a trendline and a support level at around 60-61 dollars very soon and if it breaks through we very likely see the value of ETC decrease by 50 percent or more. Right now on the daily we have Bearish Divergence on the MACD, and the RSI is just now coming off of overbought with a bearish MACD crossing.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.