Here on
ETC
, we can see a lot of down pressure on the 4h time frame
The 1st and 3rd targets was already achieved as is indicated over the numbered pink arrows as this targets were from the downtrend above
Now, it looks like a downtrend flag is forming inside the yellow area
This flag is giving us another 2 more down targets the coincide with the floor of yellow channel and another blue support down there
So here we have a lot of confluences that indicate this downward pressure will happen
As BTC is still going sideways and there is some form of cooling down this last days, is much plausible that ETC will have a final last drop on targets number 2 and number 4
The 1st and 3rd targets was already achieved as is indicated over the numbered pink arrows as this targets were from the downtrend above
Now, it looks like a downtrend flag is forming inside the yellow area
This flag is giving us another 2 more down targets the coincide with the floor of yellow channel and another blue support down there
So here we have a lot of confluences that indicate this downward pressure will happen
As BTC is still going sideways and there is some form of cooling down this last days, is much plausible that ETC will have a final last drop on targets number 2 and number 4
Do you want
- Solid confidence without emotions?
- Have the knowledge of what markets will do before it does?
Check out the "Long Term Trade" Reports by Bitcoin Trend and Forecast, helping traders since 2016 on bitcointaf.com/conrado
- Solid confidence without emotions?
- Have the knowledge of what markets will do before it does?
Check out the "Long Term Trade" Reports by Bitcoin Trend and Forecast, helping traders since 2016 on bitcointaf.com/conrado