$btcusd sell-off sees lost price support on steep channel today and just off fresh session lows of $4139.90 this Friday This weekend's session will see prices encounter converging trendlines which may introduce market sentiment uncertainty resulting in high volume/volatility causing strong reversals or continuation over the next 48-72hrs as these medium and...
Ethereum classic technical analysis with a few possible scenarios
Hello, All! USD Index TVC:DXY is currently forming the slightly incorrect bearish Wolfe wave. I would like to underline that this pattern is not a classic one as I'm ignoring extremely long lower shadow of the candle at point 4. After August NFP/employment/wages data missed forecasts, the USD crashed badly in just 1 min, but returned back to the pattern's...
There are two ways to look at this chart from what I see. One, there is a double bottom, which also happens to form the bearish triangle. If there was massive volume displayed by the RSI, I would think this could be a reversal signal. But there isn't. Price didn't bounce with much bullish invigoration. The second pattern I see, is an inverse cup and handle...
I think the chart is pretty self explanatory. But im looking for a candle on the daily thats red and has lotso f volume. A capitulation candle.. And then a decent bounce after.. TP1 = Take profit some of pos TP2 = Take profit rest of pos This is just a preliminary idea. I may change targets as we go.
As long as the trendline continues expect some gains in the near future. I have placed some fib extension levels indicating good exit positions. Thanks and good luck to all!
As usual, I present you several scenarios for the development of events. Range is good for trade.
Channel converging on a symmetrical double-reverse triangle pattern, fib retrace indicates a likely upward bounce. As ETH continues to fall in the wake of ICO madness and scalability concerns, ETC is due in for a bullish run
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Reversal and break-above the long term downtrend trendline, with significant volume. If holding any ETH, I would convert them all into ETC right now.
i dont know what to say. maybe classic will follow like litecoin. im just pullback for long. but the confirmation is when the price break through the line.