ETC is forming a very very large tenkain kijun disequilibrium. Basically this happens when the tenkan and kijun are too far apart from each other. Last time this happened a very large rally happened, but it was also a very large spike downwards, now we are a more of forming a low and just holding it. So we still have to wait to see what happens. But I have bought a small bag and I am holding it as of right now, going to hold it through any dip or crash, but I will add to it on weakness.
Basically, it could be a good coin to pick up on weakness, however buying here is a bit of a higher risk strategy. The price action isn't quite the best, just the ichimoku cloud indicators have me very interested.
Note that the ichimoku cloud is on the double setting.
This is not financial advice. I am not qualified to give financial advice. I am not a certified securities professional. Do your own DUE DILIGENCE!
I have absolutely no idea what the fuck a tenkain kijun disequilibrium is... long ETC is not a bad choice though.
MidasTouchTrading
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@elitebagholder, Hehe it means the tenkin and kijun line are too far apart... Generally the price likes to go up and touch the top red line when they are so far apart. SO I guess hypothetically, my target is close to $28, the kijune line.