ETC is in an uptrend as you can see in the chart.
Stoch RSI also shows that etc is oversold.
The MACD shows an downtrend that will likely stop at the yellow support line.
When BTC is stabilizes it would definitely help ETC to bounce.
You can try to enter at the yellow line and set a stop-loss below it.
This will bring you to a very good risk-reward ratio about 5.
My short-term target would be 0.382 fib-line(yellow line) for short-term but long-term I think it has much more potential.
This is my first idea so don’t be to critical please :)
Stoch RSI also shows that etc is oversold.
The MACD shows an downtrend that will likely stop at the yellow support line.
When BTC is stabilizes it would definitely help ETC to bounce.
You can try to enter at the yellow line and set a stop-loss below it.
This will bring you to a very good risk-reward ratio about 5.
My short-term target would be 0.382 fib-line(yellow line) for short-term but long-term I think it has much more potential.
This is my first idea so don’t be to critical please :)