Traders, Here we have ETCUSD 1D chart. A heavy resistance need to be broken to launch a rocket to know exactly the the direction to determine the price. But for now if we broke that level we will go to exact golden level to have 35$ hence and aim to correct from there but let's sing the news song Regards, Mohsen
1d timeframe. A good entry point, but you have wait for bullish trend start. Exit trade at the moving average line level.
in the last idea we considered with you a triangle out of which gave us 6% profit. Now I have shown you the approximate levels for purchases
Enter after Breakout
Price action in this analysis from the price bottom of ~ $13.16 on April 6, 2018 to current date has been captured in a price channel with a minute wave ((iii)) position that just ended. This implies that a correction is next i.e. Minute wave ((iv)). A guideline for the terminal point of wave ((iv)) is at the 38.2% retracement of wave ((iii)). The 38.2% ($19.89)...
My previous post on ETCUSD can be found here: Ethereum Classic’s current uptrend on the 4hr tf has been updated with the possibility of a Minor and intermediate wave degree terminating at ~$13.15 on April 06,2018, which both support the establishment of the current uptrend. The most likely target for Ethereum classic is the 4th wave of the previous degree (i.e....
The last idea we considered a short position in Ethereum Classic. We received on my the idea of +5% profit. Now consider the swing strategy. Looks like he's still in correction, I'm not so sure. But I think he'll also draw a triangle. But here I have designated it as an impulse
Making longs continuing the trend in BITFINEX:ETCUSD