alanmasters

Ethereum Classic Awakes (Strongest Move In Many Months)

BINANCE:ETCBTC   Ethereum Classic / Bitcoin
Ethereum Classic (ETC) has been sleeping for quite a while now and just made its strongest move in over a year... This opens up the doors for additional bullish action.

Here are the signals that are coming from the chart:

  • Massive increase in trading volume , highest since September 2018.
  • Break above EMA10. First time since December 2018. Traded above EMA10 for more than a week only on July 2018, so this is quite the strong signal.
  • Super bullish MACD and RSI .
  • Resilient altcoin. Very likely to hold strong on the way up.

A close below EMA10 would invalidate the signals above and turn ETCBTC from bullish to bearish .

This is not a piece of trade advice.

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Thanks a lot for your continued support.

Namaste.
Apr 08
Comment: It can take weeks for this wave to be resumed. Patience is key always in this game.

All information here is shared for learning and entertainment purposes only.

Thanks a lot for the amazing support.

Have a great day.
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Is the rally over?! Nice pump&dump....
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Salmin Salmin
@Salmin, Or was it just wave 1?
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@Salmin, It will continue but it can take a few days to weeks of consolidation before the next move.
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