ETC/USDT daily chart

ETC/USDT daily chart

Gate Trade ETC Monday, May 4, 2020 403 0

Both moving averages are sloping up and the RSI had risen into the overbought territory for the first time since early February, which suggests that the bulls have made a strong comeback.

If the bulls can sustain the price above the breakout level of $7.04147, the momentum is likely to pick up. The target objective is a move to $8.65404 and then to $10. This bullish view will be invalidated if the bears sink and sustain the price below $7.04147