$ETC $8.13 - Uptrend Recovery*
- *Today:* +2.35% on the day, bounce from $7.91 low to $8.18 high. Volume 1.52M ETC
- *Pattern:* Making higher lows since Oct 08 - from $7.78 to $8.13. Steady uptrend, yellow MA line rising below price = bullish.
- *Momentum:* RSI 54.32 Neutral to bullish, MACD Bullish Momentum building
*Key Levels:*
Resistance R1 $8.25 - if break, quick move to R2 $8.50
Support S1 $8.00 - must hold, S2 $7.80
*Short view:* ETC lagging BTC but slowly recovering. It's holding above $8.00 now, which was resistance yesterday. Breakout toward $8.25 in progress. If BTC pumps to $85k on CPI, ETC should follow to $8.40-$8.50.
Risk: 1-month +12.8% but YTD -32% - still a weak long-term coin, good only for short trades.#FranceAdvancesCryptoSelfCustodyReportingProposal #CPIWatch #OptimismOPRises19.98%
- *Today:* +2.35% on the day, bounce from $7.91 low to $8.18 high. Volume 1.52M ETC
- *Pattern:* Making higher lows since Oct 08 - from $7.78 to $8.13. Steady uptrend, yellow MA line rising below price = bullish.
- *Momentum:* RSI 54.32 Neutral to bullish, MACD Bullish Momentum building
*Key Levels:*
Resistance R1 $8.25 - if break, quick move to R2 $8.50
Support S1 $8.00 - must hold, S2 $7.80
*Short view:* ETC lagging BTC but slowly recovering. It's holding above $8.00 now, which was resistance yesterday. Breakout toward $8.25 in progress. If BTC pumps to $85k on CPI, ETC should follow to $8.40-$8.50.
Risk: 1-month +12.8% but YTD -32% - still a weak long-term coin, good only for short trades.#FranceAdvancesCryptoSelfCustodyReportingProposal #CPIWatch #OptimismOPRises19.98%