tomangelo

ETC about to break the major trend line

Long
tomangelo Updated   
BITTREX:ETCBTC   Ethereum Classic / Bitcoin
As you can see here in the weekly chart for the past four weeks, we are having green candles which means that ETC has found its bottom @ 200k satoshis. Once it breaks the major trend line it will go up and retest the resistance @ 360k satoshis. Stoch RSI and MACD are also supporting our analysis by showing us bullish signals. The daily chart is also trying to make a cup for a cup & handle formation. So when it reaches 360k satoshis, it will retrace a bit and then shoot up and challenge the next resistance @ 420k satoshis and/or 470k satoshis.

This will take at least a few weeks leading up to a few months.
Trade active:
Checking on the day candle, it broke the major trend line already.

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