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Smoak
Apr 13, 2018 3:23 AM

Ethereum Classic - $36.24 Target Long

Ethereum Classic / DollarBitfinex

Description

This is pretty neat. As you can see on the chart, Ethereum Classic bounced off a confluence of 3 major trendlines. There is a ton of support here so I don't think ETC falls below $14.00 even if bitcoin takes a dive down.

As for the target, I took the angles of the past bull runs and, when averaged, ETC likes to spike at an 83 degree angle. Projecting that angle upwards gives us the 36.24 target before we run into the trendline.

You never know how things play out; however, if this projection is accurate you will double your money in 2 weeks. Enjoy!
Comments
DariusKarremans
Hi do have any updates on ETCUSD?
straightace
Great simple charts! What do you think about this bounce?
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