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.
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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.
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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.
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We are finally seeing the reversal after we almost reached the 0.786 level. Next target: Moon and beyond.
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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.
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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.
I think it might extend a little further to .0052-.0055 as the wave 3 was not necessarily extended enough considering the fomo the coin has.
Altcoin_Hero
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@retiringsoon1, We could possibly go much higher. I like to keep it a bit conservative right now. Seems like we might hit the 0.618 fib level first before we go up again. What do you think?
darkandblue
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@Altcoin_Hero, it might touch very briefly. alot of people are waiting for the next wave.
Altcoin_Hero
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@retiringsoon1, seems like reversal after almost touching the 0.786 level.
darkandblue
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@Altcoin_Hero, yes, hope btc won't piss on our parade.. also now there are too many day traders taking profit at .0034,0.336 levels for 20% gain which is not bad.
Altcoin_Hero
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@retiringsoon1, It might slow us down a bit but we should be fine riding it up till around 0.0044.