Hi guys, i hope you held your cryptos with diamond hands and did not panic sell during this dip.
ETC has presented us with a beautiful buying opportunity. Following the bullish impulse that occurred in May, price has dipped to a sweet spot. Price is currently testing previous resistance turned support at the 38$ area. The 200 EMA and the 78.6% Fibonacci retracement are also being tested in this area. If this area holds, its nothing but up.
The RSI (Relative Strength Index) is oversold at 29.9.
Nevertheless we must acknowledge the possibility of price making one more dip to liquidate some traders/investors, something to definitely keep in mind.
Never invest more then you can afford to lose
This should not be considered financial advice. DYOR
ETC has presented us with a beautiful buying opportunity. Following the bullish impulse that occurred in May, price has dipped to a sweet spot. Price is currently testing previous resistance turned support at the 38$ area. The 200 EMA and the 78.6% Fibonacci retracement are also being tested in this area. If this area holds, its nothing but up.
The RSI (Relative Strength Index) is oversold at 29.9.
Nevertheless we must acknowledge the possibility of price making one more dip to liquidate some traders/investors, something to definitely keep in mind.
Never invest more then you can afford to lose
This should not be considered financial advice. DYOR