ETC- 50/50 Outlook over this month leading to Magneto upgrade
Hello Traders,
Like most of the market, we are awaiting a continued confirmation of an uptrend.
In the meanwhile, it seems to be fruitful to follow the events and/ or upcoming upgrades.
Though not all of the apples fall from the same tree, as some events go unnoticed, so it may serve you well, to follow the more common and well known projects.
Yes, they may not put off the 400% gains but, a potential 100%-200% gains will do anyone just fine.
ETC looks to be forming an inverse Head and Shoulders pattern on the hourly chart. The daily chart may be forming a short term bearish pattern leading to a retest of the bottom trend line. Unless, the recent upward movement continues and it can push past the resistance.
In any case, I think ETC can have a strong next couple of weeks, giving a 50/50 chance of solid ROI of 80%-100%, landing us in the $120.00 range.
This week, will be big for the whole market, as it will be the beginning steps to a bullish confirmation for the remainder of the year, or a slow and steady bleed.
Good luck.
Like most of the market, we are awaiting a continued confirmation of an uptrend.
In the meanwhile, it seems to be fruitful to follow the events and/ or upcoming upgrades.
Though not all of the apples fall from the same tree, as some events go unnoticed, so it may serve you well, to follow the more common and well known projects.
Yes, they may not put off the 400% gains but, a potential 100%-200% gains will do anyone just fine.
ETC looks to be forming an inverse Head and Shoulders pattern on the hourly chart. The daily chart may be forming a short term bearish pattern leading to a retest of the bottom trend line. Unless, the recent upward movement continues and it can push past the resistance.
In any case, I think ETC can have a strong next couple of weeks, giving a 50/50 chance of solid ROI of 80%-100%, landing us in the $120.00 range.
This week, will be big for the whole market, as it will be the beginning steps to a bullish confirmation for the remainder of the year, or a slow and steady bleed.
Good luck.
Penafian
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