ETC survived the latest BTC pump to near ATH by dropping momentarily to most recent support and quickly recovering with a top heavy green doji candle, coupled with the first significant buying volume indication since March this year. The recent price drop is also complimented with a red TD13 indication which when used in conjunction with other factors can often be seen to mark the bottom of a bearish price movement. Price is currently looking to hold above a local support, some upwards movement sustained above the 20 day MA and finding support there could present viable grounds for a long position.
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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.