ETC/EUR analysis

17 Ağu 2021

Current activity
current price hit resistance @ +/- 65EUR and bounced off

1H:
SMA 50 / EMA 21 crossed in the 1H interval, price action hitting the EMA 21 from underneath

2H / 4H: hammer and indecision patterns

1D:
indecision candle stick pattern

Potential scenarios
1) sideways action, before moving higher (move closely around MA and fib level 23.60%)
2) downward action / retrace to (in order)
2a) fib level 23.60%
2b) support level @ +/- 49.30
2c) support level @ +/- 41.82
3) upward, if it can strongly break through average and cross resistance at @ 65 EUR / unlikely

17 Ağu 2021

Not