ETC-BTC update 4h (Correction done?)
Bounced perfectly like predicted on previous post
Due to the significant block speed recalculated snapshot is scheduled to happen on 2nd March. So follow the block count @ etcchain.com/ to time sell orders accordingly once it hits 55.
Etc price has had an inside barmovment range after bearish bar with the bounce from support was closed at 7:00 making trading range smaller and smaller. This could potentially indicate that ETC is getting ready to bounce upwards. Who will be stronger Bears or Bulls?
TA indicators
- RSI bellow the middle of the channel cooling off
-CCI started to stabilize and turning upwards back on the breakout verification line (Black line) wait for a cross for breakout to be verified.
- Williams %r going back to oversold conditions. (not presented)
- Aroon does not have the most optimal conditions since it is strictly bearish however the blue line started to move downwards which is a good sign. waiting for a cross somewhere between 23:00 and 7:00 (graph timeline) for bullish trend to be established.
I give ETC another 8-12 hours before we see some serious movement. It would be nice if we can get another verification of support inside blue box with the bounce at the 61.80% fib level. This would close the ETC above the previous downtrend line . In worst case scenario we could se a pull back down to 78.60 fib level.
Targets:
- 1st blue zone 0.005 marking with +- price option. It is also exactly on the point of 50% fib level on pull back from ATh to Bottom bearish trend)
- 2nd blue zone which is possible if exchanges will announce support for the airdrop. also the area of 78.60 fib level on bearish pull back from ATH
- Green zone possible if FOMO hits in (historical price movment analysis shows that ETC has the capacity to move so far with appropriate catalyst. Otherwise appropriate target for next few month due to ETC road map.
- Yellow zone a optimal mid term goal.
- Red zone marked with the 161.80% on the bearish pull back from ATH represent an easy long term goal. Remember implementation of IOT and ability to communicate with the ETH blockchain will be executed on November with the fork scheduled on 11 November.
Be ready to react once the reverse happens till the airdrop.
I will update ETC daily once we hit the FORK block at 55.
BRG Animus the great
Due to the significant block speed recalculated snapshot is scheduled to happen on 2nd March. So follow the block count @ etcchain.com/ to time sell orders accordingly once it hits 55.
Etc price has had an inside barmovment range after bearish bar with the bounce from support was closed at 7:00 making trading range smaller and smaller. This could potentially indicate that ETC is getting ready to bounce upwards. Who will be stronger Bears or Bulls?
TA indicators
- RSI bellow the middle of the channel cooling off
-CCI started to stabilize and turning upwards back on the breakout verification line (Black line) wait for a cross for breakout to be verified.
- Williams %r going back to oversold conditions. (not presented)
- Aroon does not have the most optimal conditions since it is strictly bearish however the blue line started to move downwards which is a good sign. waiting for a cross somewhere between 23:00 and 7:00 (graph timeline) for bullish trend to be established.
I give ETC another 8-12 hours before we see some serious movement. It would be nice if we can get another verification of support inside blue box with the bounce at the 61.80% fib level. This would close the ETC above the previous downtrend line . In worst case scenario we could se a pull back down to 78.60 fib level.
Targets:
- 1st blue zone 0.005 marking with +- price option. It is also exactly on the point of 50% fib level on pull back from ATh to Bottom bearish trend)
- 2nd blue zone which is possible if exchanges will announce support for the airdrop. also the area of 78.60 fib level on bearish pull back from ATH
- Green zone possible if FOMO hits in (historical price movment analysis shows that ETC has the capacity to move so far with appropriate catalyst. Otherwise appropriate target for next few month due to ETC road map.
- Yellow zone a optimal mid term goal.
- Red zone marked with the 161.80% on the bearish pull back from ATH represent an easy long term goal. Remember implementation of IOT and ability to communicate with the ETH blockchain will be executed on November with the fork scheduled on 11 November.
Be ready to react once the reverse happens till the airdrop.
I will update ETC daily once we hit the FORK block at 55.
BRG Animus the great
Trade closed manually:
Stop sell reached --> will be having ETC on a lookout throughout 2018
Updated smaller time frame