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I expect the continuation of price growth of ETCUSD within the framework of wave (III) of (5).
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Marked out on the chart are a few simple levels, as well as we're using the Easy Loot Money Maker script I created. You can find that on my profile under scripts press 'Like' and you'll have it added to your chart under favorite scripts.
Anyways, ETC|USD is easily looking like it's holding MONTHLY support at $9.705 with the target in mind for the short-term at...
ETC is pretty clear and my previous warning was a top call. It would seriously surprise me if we'll see a new cycle high (>13.181) during the next few weeks.
This is just a reactionary bounce that will fail around $10
The market gives us a trend reversal signal. It is based on a breakout above the local downtrend line and a bullish divergence.
RSI confirmed the price reversal. MACD lines and histogram support a possible upward movement. DMI is bearish and shows trend market conditions. But ADX line falls, and it is a bullish signal.
It is a possible buy opportunity.
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On the chart is presented the possible scenario for ETC-USD pair for the following week/months. I can say that around 7$ is position for accumulation for the next bull-run.
Thanks!
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If you are new to my posts, please hit like and give a follow if you find value. I am a budding FOREX/ CRYPTO trader, with much of my experience coming from trading CRYPTO markets since 2016. In my Full Trade Setups I provide the Market sentiment, Entry Strategies, Stop Loss and Target Points for the Category of trade...
The weekly chart gives us a reversal candlestick pattern. It is a bearish signal. The same goes for RSI and MACD histogram. They confirm the price reversal.
MACD lines and DMI support buyers as they provide bullish signals. But it will be logical if the price continues the upward movement after a pullback. This pullback is possible, and it will be able to...
Price look like ascending triangle — continuation pattern, i will take this high risky trade and sell on the levels shown on the chart. Risk below support zone use as SL.
I'd like to interpret it as weak. Here is my argumentation:
-> Firstly, it is acting weaker than TOTAL index (orange line). Despite the overall bullishness in crypto-industry, ETC has been remaining flat over the last days or even weeks.
-> These are SLKT bars. They aimed to attract buyers into pseudo-pump and kill SLs of sellers around psycho-number 13.0.
The...
