So the fifth wave that i drawed yesterday is not over , and it more make sense to make long third wave, and now the 5th is over.
Looking for a correction to buyback, but we don't know it will bounce at what level of fibonacci, so it can range from 0.618 to 0.238 if it's that bullish.
My ideas on ETC and where it will go before March 5th and the airdrop of Callisto (CLO). I think we will see a break out of the upward channel and could hit the .005100 range or higher. Any and all feedback would be welcome!!
Happy Trading :)
Lets break down what just happened:
1) ETC broke out of the huge ascending triangle that has been forming for a couple of months.
2) Price went back down to test the break out line. It bounced off that support line nicely.
3) ETC is now boarding for moon landing. Target is still 550k satoshis, but watch out for resistance at 473k sats (green line).
After bouncing perfectly off the channel its found a new support on the LIGHT BLUE trend line, It is likely that we will see some consolidation in the short term.
MACD Crossed on the 1HR and 30 MIN coupled with a fall in Vol. should see a nice (Little) retrace. IF we fall from the LIGHT BLUE & PURPLE intersect around 37.882, I would expect to follow the bigger...