noomnahor
Long

ETC:BTC double bottom suggests bear trend reversal

BITFINEX:ETHBTC   Ethereum / Bitcoin
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Bouncing off the strong support at 0.037 has resulted in continued higher highs and higher lows for the past month. With BTC's recent parabolic rise, and current uncertainty displayed in today's dump, there is potential for a reversal in the ETC:BTC bear trend.
Using Fib extensions, and resistance levels we can predict the potential price rise in a future bear trend. Three price points have been identified at short, medium and long term goals. As always, keep tight stops and watch for breakouts below support!
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