ETC dodgy!

ETC - is a tough one now the airdrop is done... clearly it has a lot of opportunity having had highs of 820 previously but it did just barrel through the mid term trendline. Volume is high compared to previously and there is apparently a wallet release on 31 March but not sure whether this will have a great effect now. There is some nice bullish divergence on the 4 hour so if we're lucky we may get another bounce, perhaps to 280 which is quite strong resistance.

Worst case bottom trendline is around 150 but we may have seen the bounce now at 240, the 61.8% fib and also the bottom level support of the 4 hour ichi cloud. RSI is low but not at the bottom, and ADX is showing a weakening downtrend. Next support is possibly 220 then 190. For me it is definitely not a buy scenario (except maybe for that short term swing) until it has determined a stronger support point.