ETC trying reversal -Neckline at 16.8
Hey guys ETC similar to brothers IOTA, BCH & EOS, is trying for a trend reversal on the Hourly & 4H, while big brother BTC is going for the Bull Flag right now. The neckline is at 16.8 We have 4H 12 EMA as support, while 26 acts as resistance. => A bullish break could signal some uptrend potential.
=> But: Any break of that neckline has to see simultaneous break of big brother Bitcoin , otherwise it'll be a fake out!
In the direct correlation of IOTA/BTC, we're trying to stay above the important .25 previous resistance area.
If we cannot break to the upside, we're looking at the previous lows 15.7, and will try to form a new higher low compared to $12 . So, if you wanna play bullish , never forget: We're still in highly bearish terrain with grandpa Bitcoin, any possible plays have to be highly secured & conservative in order to protect your money.
If you had some value from my analysis, please like & subscribe so you don't miss it next time, and watch my daily videos! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
=> But: Any break of that neckline has to see simultaneous break of big brother Bitcoin , otherwise it'll be a fake out!
In the direct correlation of IOTA/BTC, we're trying to stay above the important .25 previous resistance area.
If we cannot break to the upside, we're looking at the previous lows 15.7, and will try to form a new higher low compared to $12 . So, if you wanna play bullish , never forget: We're still in highly bearish terrain with grandpa Bitcoin, any possible plays have to be highly secured & conservative in order to protect your money.
If you had some value from my analysis, please like & subscribe so you don't miss it next time, and watch my daily videos! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
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