Etherum Classic (ETC) has been doing great the past few days, lots of growth and many positive / bullish signals are developing.
Now, let's take a quick look at ETC vs USDT.
By looking at the daily and weekly charts, we can spot the following signals:
On the daily time frame, we can spot a bullish MACD plus strong positive divergence.
The RSI is on the bullish zone and asking for more. The STOCH is very bullish as well.
We have a signal that never fails, EMA10 crossing up EMA50, as well as SMA20 crossing up SMA50 (which is basically the same), very strong bullish signals that points to additional upward movement for this coin.
We are now trading above the EMA100 line, which hasn't been done for over 2 months. The next challenge is the EMA200 line at $18.5.
Three consecutive green candles is another bullish signal.
Volume is a bit low but momentum is building up.
On the weekly time frame, to the right, we can see that ETC has been positive for 4 straight weeks and now crossing above the EMA10 line, which is great for this coin.
The MACD is yet to turn but the RSI is slightly starting to trend up as well as the STOCH .
A strong close on the weekly time frame can mean huge gains next week... And that's exactly what I believe.
Note: This is no trade advice. This is an educational post.
Thanks a lot for reading, I hope you were entertained by this information and wish that it can help you earn a few bucks.