I posted a chart about a month ago about the ETC chart looking like it's about to make a big move. However, I said the move was invalidated as I think I got my timing a bit off.
However, now looking at the chart again, it looks like it's about to make a massive move higher.
ETCUSD has been moving in a downtrend under the blue trendline since August 2021. Once it breaks that trendline (which it looks like could happen in a matter of days/weeks), it should make a huge move higher.
First target would be $67.9 and if it can flip that level, the next level would be in the $90s. 3x-5x move with limited downside here.
I'd set a stop under 20 if you were to take the trade.
However, now looking at the chart again, it looks like it's about to make a massive move higher.
ETCUSD has been moving in a downtrend under the blue trendline since August 2021. Once it breaks that trendline (which it looks like could happen in a matter of days/weeks), it should make a huge move higher.
First target would be $67.9 and if it can flip that level, the next level would be in the $90s. 3x-5x move with limited downside here.
I'd set a stop under 20 if you were to take the trade.
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Set a stop under $19.5 - sorry, for whatever reason trading view is turning anything with a dollar symbol into a link and it's really annoying.
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If the lows hold here, chart looks constructive for upside.
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Broke the trendline, and from a wyckoff standpoint, just had it's spring. Paying attention. PRobably a good place to enter.
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Okay it's looking interesting, but I think maybe one more low that's the trigger.
I'd wait a week or two before getting an entry here.
I'd wait a week or two before getting an entry here.
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Looking for an entry in the $13 range, if we get it.
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Alright, ETC looking bullish on my pivot. Might be time...
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$30 would be the initial target. TBD if it can go higher.
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Do think BTC is about to drop to around $28k here which would bring down alts. So be careful. Could see a move after that happens. Or this won't be ready to move until August.
Two scenarios.
Two scenarios.
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Leaning towards the latter idea (August/September timeframe). $13 again seems probable before higher.
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Almost back to the $13 level. That's where a good buying opp should form