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spruce_g00se

Could ETC be the next alt to break out within the next 7 days?

Long
Ethereum Classic / Bitcoin (BINANCE:ETCBTC)  
spruce_g00se Updated   
BINANCE:ETCBTC   Ethereum Classic / Bitcoin
Chart Patterns Wave Analysis
10
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chartpattern waveanalysis
ETC has been relatively unaffected by other alts pumping so far. However the signs right now are really bullish, I have annotated them all on the chart. If it breaks my expectation would be to ride gains of 40% to 90% within less than a month.
Comment:
ETCUSD chart also illustrates similar principles on the 4H chart, but we can also draw a much bigger wedge on the 1D chart and see the bullish divergence on that timescale also - which suggests the possibility of much bigger gains by holding until the end of the year. Whilst I likely wouldn't risk it with a coin like ETC (where I'm not convinced about the fundamentals), there's a chance of 250% - 300% for those feeling brave.

snapshot
Comment:
We had something of a fake break, just pushing the wedge out somewhat. We had only one 1H spike in volume during the fake break and no consistent volume building. There are a few different paths we can go to break now - we may go down before we go up. This is one to watch the volume very carefully and only trade when sustained increase in volume for 3-4 hours has occurred.

snapshot
Comment:
Well this one looks like it has evaporated, but if we take a step back we can redraw the wedge on the 1D chart like this. I still think this one is going to go BOOM at some point but the timing was completely off in this idea. I'll keep my eye on it and post a new idea once we get another low with bullish divergence on the 1D chart.

snapshot
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