Ethereum Classic (ETCBTC) peaked Jan. 2020 and is finally hitting support.
After correcting almost by 100%, ETHBTC reached the same level it hit back in late October 2019...
When this level was hit, a strong bullish wave followed that produced over 240% growth.
With this support level now activated, we can expect a similar outcome.
Note: This is not a piece...
Here I go short on Ethereum Classic and Ethereum Classic will go down. The price is testing the major support, so now I go 5x short and the bearish breakout will start. And Ethereum Classic will go down. See you down there
Major trend line is broken and we can see multiple resistance level, which is a good opportunity to enter a long position.
If you like this technical analysis , please hit the like button and follow me for more of these ideas!
ETC is below a medium-term downtrend channel we only going to look for a long postion when the price break this resistance and accumulate above that level, and enter on the next breakout.
Push the like bottom and follow us on TradingView.
Buy on 1 hour chart
Sell on 7h chart
Sell on 3 day chart
If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
ETC is testing an important support level and is resulting in bitcoin turbulence. It Would be a great opportunity for open long if it does a reversal candlestick pattern on that level.
Please push the like button and follow us on the trading view.
AS ETC continues its multi-year down trend, I am seeing signs of investors longing the bottom (notice the ever-increasing ADL... which I assume are buyers since we are at such depressed prices). Also, notice the increase in volume. The circled fractals appear similar and preceded the prior 2019 ETC price pump. The HV indicates VOL is contracting since the...