Ethereum Classic showed a more price increase than other Major Alts
Now, it re-broke Big Double Bottom again
But there is Bearish Divergence(pink arrow)
So it`ll make Pennant to resolve Bearish Divergence and Overbought
Pennant will be made between 11USD and 8USD
When it break up the Pennant, it`ll go up steeply again
Do you want to...
Crossing above ~110k sats w/ slowly increasing volume
EMA50/200 Golden cross (last time was around April 2017 Bull Run👀👀)
UCTS Bullish across every HTF (1D-1W)
As inmmediate target ~124k sats resistance level, entering now seems risky aim for R/S Flips or retests
Located near 3000MA and 0.0010251.
We are located in a position to exert power in earnest.
At this point, if the MA can converge again, it is expected that a huge price increase will be possible.
However, I do not want to recommend ETC.
No matter how the price of BTC moves, we expect to see a big rise in the end.
At this point,...
ETC is painting a bearish small rising channel that has the change to break to the downside
and challenge key support area at around 9800 - 9000 sats which also coincide with the upward trend-line support.
I have been scrolling through my list and i was staring with my mouth open for a while looking at this chart. Wondering, how the F did i miss this perfect setup. Maybe on of the easiest a trader can encounter when doing TA and trying to find a nice pattern. I know one of the main reasons is that i have not been around much as i used to past half year, but also...
Nice structure here in the ETHEREUM Classic (The DAO). Solid moves. We are now at the previous X wave top. If this was a 2nd wave low, we are looking much higher, above $50
Expecting the support in the area of 4th wave of lesser degree and then another push on lower volume and divergence towards a possible 5. Time for corrective choppy days on this one.
Time to fall. Targets are ~8500 and ~7600. First zone just above 0.382 Fibonacci level is the last one that assumes bullish continuation. If price drop lower, momentum will be lost and ETC will take much longer time to consolidate within same 7000-7700 area.
ETC shoots up over 100% price increase in a very short period, this move is kinda scary as no single support is built during this massive move up.
The price can drop faster, be cautious as this coin is highly volatile and risky. Also, ETC is trading within an area of resistance and the candle hasn't closed yet.
Do not FOMO with this type of market move...