$ETCBTC - #Ethereum classic brewing a big move up?
ETC had a significant bull run lately then the price start to depress due to the raging rally of BTC.
Likewise other alts we are resting at a very low support level and a big move is brewing.
Bullish scenario
The pattern could lead us to a 300% increase with several take profit points to minimize risk.
Indicators have clear bullish divergence and showing oversold conditions.
Bearish scenario
If we break support (we already infringed this line briefly around 1 month ago) we could see a continuation of a bearish trend leading us to a sustained drop to 40% or even lower as per the support lines. (unlikely)
Indicators/price action / market conditions seem to suggest a more probable bullish scenario.
Given the uncertainties, always wait for a solid breakout and use tight stop losses.
Trade Safe.
If this trade made you some money. Tips are welcome.
BTC: 372Yed5cnXoHN14a8sdwho7L5uYRxjYQYK
Likewise other alts we are resting at a very low support level and a big move is brewing.
Bullish scenario
The pattern could lead us to a 300% increase with several take profit points to minimize risk.
Indicators have clear bullish divergence and showing oversold conditions.
Bearish scenario
If we break support (we already infringed this line briefly around 1 month ago) we could see a continuation of a bearish trend leading us to a sustained drop to 40% or even lower as per the support lines. (unlikely)
Indicators/price action / market conditions seem to suggest a more probable bullish scenario.
Given the uncertainties, always wait for a solid breakout and use tight stop losses.
Trade Safe.
If this trade made you some money. Tips are welcome.
BTC: 372Yed5cnXoHN14a8sdwho7L5uYRxjYQYK
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