ETC is getting ready for the next wave
This is an update to my earlier idea which is linked below. I have refined the lines and adjusted the timelines.
We have the wave D of the ABCDE triangle completed thanks to not only the BTC rally but also the ETC price increase as well if you check the ETCUSD pair. Next is the wave E. However keep in mind that there is always the possibility of not completing the wave E,so keep close track. If you track the order book in Binance, you will see the price is quite manipulated by the whales. Buy and sell walls of 50-60BTCs keeps moving the price all day.
The safe buy zone is the break out from the upper Wedge. I plan to enter at Wave E with a stop loss slightly below the wedge line in case of a bull wick.
Last point I want to make is that you will see the uninformed folk to target the March 5th date for the airdrop;however, there is no exact date. The airdrop will happen on the block 5.5million and we are currently at 5.442M as of this post. etcchain.com/
P.S: This is idea is not a financial advise.Use your brain
We have the wave D of the ABCDE triangle completed thanks to not only the BTC rally but also the ETC price increase as well if you check the ETCUSD pair. Next is the wave E. However keep in mind that there is always the possibility of not completing the wave E,so keep close track. If you track the order book in Binance, you will see the price is quite manipulated by the whales. Buy and sell walls of 50-60BTCs keeps moving the price all day.
The safe buy zone is the break out from the upper Wedge. I plan to enter at Wave E with a stop loss slightly below the wedge line in case of a bull wick.
Last point I want to make is that you will see the uninformed folk to target the March 5th date for the airdrop;however, there is no exact date. The airdrop will happen on the block 5.5million and we are currently at 5.442M as of this post. etcchain.com/
P.S: This is idea is not a financial advise.Use your brain
Comment:
Dear ETC believers, a big word of caution. Do you see the big bearish RSI divergence.
"A bearish divergence occurs when prices continue to form higher highs (typical in a bull market) while your oscillator (in this case an RSI) is forming significantly lower highs (indicating weakness in the trend.)"
"A bearish divergence occurs when prices continue to form higher highs (typical in a bull market) while your oscillator (in this case an RSI) is forming significantly lower highs (indicating weakness in the trend.)"
Comment:
sorry, I couldn't update the post due to work related travels.
So ETC has lost its momentum. Sad to see that it Falls when BTC goes up and remains stagnant when it is falling down.
The prices is testing the upper wedge as support since a while while the hourly RSI is in flirting with the oversold zone. It is a slow bleed but I remain optimistic of some upwards movement albeit not as drastic as expected.
The current block count is 5464381 as of this post. Remember; the airdrop will happen at 5.5M
So ETC has lost its momentum. Sad to see that it Falls when BTC goes up and remains stagnant when it is falling down.
The prices is testing the upper wedge as support since a while while the hourly RSI is in flirting with the oversold zone. It is a slow bleed but I remain optimistic of some upwards movement albeit not as drastic as expected.
The current block count is 5464381 as of this post. Remember; the airdrop will happen at 5.5M
Comment:
albeit thorugh some alterations, ETC has hit to our buy level eventually.
Now we have the block count at 5.47M..enter the trade at your own risk. Target is to get out before 5.5M
Now we have the block count at 5.47M..enter the trade at your own risk. Target is to get out before 5.5M
Comment:
and we are finally moving people...watch out for the break out and little retrace to take position if intended.
What demotivating is that there are many alts broke out today, ARN,salt,wings to count a few. ETC should top them all in my view.