TradingView
CryptoPrescience
Feb 26, 2018 11:11 PM

Ethereum Classic (ETC): Correction of Impulse Wave 1? 

Ethereum Classic / BitcoinBinance

Description

Wishful thinking here that ETC is completing a Double Three (WXY) correction of Impulse Wave 1. I see 7 possible swings once this final leg is complete. Hoping to land in the golden zone and catch a bounce. Good luck!

Trade active

A bit below the golden zone, but looks like we found decent support around the 0.786 fib line (which is also normal retracement for a wave one of Elliot wave) and right at the trend line. Expecting a fews days of slowish uptrend and hopefully some fomo will be induced.

Buy now with stop loss below the trend line at 0.00321.
Aiming for 0.00368 short term.
Bigger profits expected if we can break the upper resistance line in blue.
Good luck.

Comment

Sorry, set stop loss at 0.00324
More