Enter on a 15m break-hook-go of the Triangle Trendline. Take Profit Long -27.2% @ 46.25 Take Profit Short 100% @ 31.04
Ethereum Classic is chugging along, making consistent gains, though it does not seem to exhibit the massive momentum that other coins have delivered. We appear to be in the fifth phase of the impulse wave, which augurs a retracement. This should be considered a buying opportunity. If we breakout again and make new highs, we must reconsider our wave...
Symmetrical triangle pattern, looking to go up about 30%
Ethereum Classic is the only other Altcoin on this list besides BCH which has maintained its bull momentum, consistently testing the upper bound of the KRI. Long wicks on the candles do suggest some ambivalence, and the red triangle on the upper bound of the KRI marks a rejection pattern yesterday. But otherwise, the Kovach OBV is still strong, and the Kovach...
After the healthy market correction, ETC seems to finish forming its ABCD pattern. Look closely, $40 might be a good entry.
A new support has formed when ETC broke out through the red resistance line. We should expect a retest (flag) followed by a big move in 2017/2018
So many alts are booming and yet BITTREX:ETCBTC has remained relatively quite. A cup & handle has formed on the 1HR and ETC is creeping up a very bullish trend line. Bollinger Bands are expanding and previous resistance has been broken. If this alt rally turns into a run similar to the one we saw in the summer of alts, ETC will start turning heads.
ETC completed its ascending triangle. Moon to 0.61 level, before it crosses $50
After a successful run up from my previous analysis, Ethereum Classic is a dark horse in the cryptocurrency markets, staying off mainstream news media and gradually ascending towards all time highs. This is a projection of what I believe is a potential possibility in the coming weeks for Ethereum Classic. The first and second targets for this projection are listed...
Lately, the influx of demand for bitcoin and other cryptocurrencies have allowed the total market capitalization of cryptocurrencies to surpass the $500 billion mark. With the increase in total market cap, large cap coins have seen a breakout of its own, leading to unprecedented gains and new all time highs, namely, LTC, DASH, XMR, XRP and now ETC. Ethereum...
I posted a Private idea by mistake. My bad.
After a rounding bottom reversal, ETC has been quite volatile in the 1x to 1.618x zone. Earlier, it has finally broken the 1.618 resistance. It's normal to see a retracement to around this level before further gains. The indicators don't show an overbought situation on the 4h scale, but for 1h they do. Perhaps this retracement will only last till around 12-13...
ETCUSD - If it closes above the resistance channel the target is 39.392 . Please follow me to keep updated with the analyses. Thank you for your likes and comments :)
Looks like a pretty serious bull flag on ETC. With futures launching everywhere, ETC accumulation and whales should come in any day now. Follow me on twitter for more calls - the link is in my profile.