$ETC is still in a relatively strong pattern right now, but the short-term value-for-money is no longer high.
The overall trend hasn’t gone bad; the moving averages are still providing support. However, the price has already moved up to the vicinity of the recent highs. Trading volume can’t keep up, and open interest hasn’t increased either.
The risk-reward for chasing gains is mediocre. It’s better to wait for a pullback to enter, or follow only when there’s a real breakout with volume.
#ETC
The overall trend hasn’t gone bad; the moving averages are still providing support. However, the price has already moved up to the vicinity of the recent highs. Trading volume can’t keep up, and open interest hasn’t increased either.
The risk-reward for chasing gains is mediocre. It’s better to wait for a pullback to enter, or follow only when there’s a real breakout with volume.
#ETC
