ETCUSD TECHNICAL ANALYSIS ON H4 TIMEFRAME
is in the middle of a downtrend as it cruises inside a descending channel on the 4-hour time frame. Price might be in for a few gains, though, as it crossed the mid-channel area of interest and is setting its sights on the channel resistance around $200.
Stochastic is also pointing up, but the oscillator is already approaching the overbought zone to signal exhaustion among bulls. The moving averages are merely oscillating to reflect consolidation.