ETC - 5 wave up; wave 2 complete or nearing completion
ETC is a strong alt coin for 2018 and has been making steady gains since April 12th.
This is a good example of previous resistance levels now acting as support (Red line).
We also have a formed wedge which could provide the catalyst needed to begin wave 3.
Looking at the larger picture, if this pattern plays out we have a cup+handle formation with the breakout occurring on the 5th wave up, which could result in 100% or greater profits from current price level.
This is a good example of previous resistance levels now acting as support (Red line).
We also have a formed wedge which could provide the catalyst needed to begin wave 3.
Looking at the larger picture, if this pattern plays out we have a cup+handle formation with the breakout occurring on the 5th wave up, which could result in 100% or greater profits from current price level.
Comment:
ETC broke support but bounced off the longer term trend.
Comment:
