Ethereum Classic (ETC) Time for wave 5 [40.72% Profit Potential]

Hi there,

Seems like Ethereuem Classic is making its move and should soon go for the 5th wave of the elliot wave. We could see a 1:1 fib extension all the way up to 0.0046291. Target is in the green box.

As usual DYOR.

Feel free to comment.

Comment:

Seems like we might hit the 0.618 fib level first before we go up again. You could stack your buys here or if you like to take more risk a few around the 0.786 levels as well.

Trade active:

We have bounced off the 0.618 fibonacci level with a hammer which usually indicates a trend reversal. Lets hope the uptrend follows btc going steadily up.

Comment:

We are finally seeing the reversal after we almost reached the 0.786 level. Next target: Moon and beyond.

Comment:

We are moving up steadily. When the airdrop announcement comes in we will see a more rapid uptrend imo. For now we should wait and see how this develops.

Trade active:

ETC Update: We are seeing the uptrend now with the airdrop closing in. RSI, Macd and Histogram looking bullish. Target 1 around 433 and 468 with target 2 around 568.