ETC 4HR Equilibrium Pattern
Looks like ETC is locked in a tightening equilibrium pattern on the 4 hour time frame.https://www.tradingview.com/chart/X8yaAewV/
Support: 10.67, 10.92
Resistance: 11.64, 12.25
Anything under 14.56 is just a lower high on this time frame.
Volume isn't showing anything, at least on this time frame.
RSI is around 44 which is fairly neutral.
We've barely been able to get past the EMA's so I'm also watching them closely. We've barely been able to break through the 12 EMA since the dump on Sep 5th.
No doubt there will be short term trading opportunities with ETC but I will sit things out until there is more clarity and we break out of this EQ.
Disclaimer: These are just my running thoughts on the charts as I see them, not financial advice.
Support: 10.67, 10.92
Resistance: 11.64, 12.25
Anything under 14.56 is just a lower high on this time frame.
Volume isn't showing anything, at least on this time frame.
RSI is around 44 which is fairly neutral.
We've barely been able to get past the EMA's so I'm also watching them closely. We've barely been able to break through the 12 EMA since the dump on Sep 5th.
No doubt there will be short term trading opportunities with ETC but I will sit things out until there is more clarity and we break out of this EQ.
Disclaimer: These are just my running thoughts on the charts as I see them, not financial advice.
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