Today i am gonna be doing a quick analyses about Ethereum Classic, for this asset we have a big uptrend moviment, and now the bears held control of the price, we lost wall the fibonnacci Retracement levels, we dont have any bulls defence, and now the price is acumuting on it seens to be a Bearish Rectangule, the last chance to make the price have...
ETC is closely trading outside the trend-line resistance and currently testing the 50 Day MA resistance.
If the price can close above the 50 MA in the coming days, it will give extra momentum for bulls to completely change the trend.
If we see from log time cup & handle pattern broken and if we see closer then two wedge pattern formed one inside other...
Green boxes represent resistance arrows indicated price movement can long after breakout else can do revenge trading...
There is one possible scenario to test that black line once but feels next to impossible now...
My posts are not trading advises, do your own analysis.
Be careful don't loose your hard earned money.
Institutional Trades are after your money, they will do anything to trick you into getting in to trade that will go opposite. Thats why they teach you the patterns, tradelines.. all Mumbo Jumbo.
Why traders call pairs "Instruments"? Because it is the...
Not investment/financial advice, just for observational/educational purposes.
ETCUSD is currently trading inside of a channel. If it breaks out, it denotes the end of a double elliott wave combo and a wave 3 with targets of 13.13-13.49. If it stays within the channel, it denotes a triple elliott wave combo with a potential target of 11.82. Should it break below...
we think we can see correction for ETC to the area which with the red square and it will be good opportunity to collect it in this area
Also you can see support lines which we expect it can bounce from it on chart
Best of Luck.
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I have provided global support in the form of a pink channel. This is 4 attempts by sellers to break through this support. The critical point of the coin in the price zone is $ 13-15. If buyers keep this zone, then after consolidation I expect $ 25 per coin.
If buyers do not keep price zones 13-15 $ - then the coin will go in the green scenario to $ 10.
Here we have ETCUSD 4H chart.
Previously in the last idea about ETC we said that we have a launch and determined the TPS and we have TP till 19$ you can check it here below:
Now let's look at the bearish ascending wedge. Note that the top trendline is rising. Additionally the bottom...
after the sellers passed and kept the price of 15 - they continued to move to zones 13.1 - 13.7. I anticipate that there will be a rollback to the zone 14.14 - 14.8, where you can successfully go short with stop 15.13 and target 11.8.
So from what I see Ethereum like Bitcoin is also forming a symmetrical triangle. Because I see both patterns as being very similar and the outcomes most likely similar I have just copied over most of my Bitcoin analysis.
In my Bitcoin chart that I just published, I explained how In most instances, the symmetrical triangle is a continuation pattern which...
Prediction is simple.
As you see on the picture if soon we go to 0.5 level and rebounce within the channel boundaries, then the goal is to consolidate on level 0.618 and move farther to 0.786.
the second scenario is straight movement to 0.786
info is relevant till 15pm 4/28/2018