The price action of Ethereum Classic / US Dollar is forming bullish Butterfly pattern and soon it will be entered in potential reversal zone.
This PRZ area can be used as stop loss point in case the complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 4.027 to 3.378
Sell between: 5.025 to 6.767
TP1-2 & stop loss listed on the two green horizontals and the red horizontal, respectively.
Cup & Handle formation signals window for a nice short. Not too late to buy entry before FOMO!
Stop @ $6.189
What a beautiful day for both NYSE && CoinMarketCap =]
Not financial advise.
W bottom and volume surge indicates parabolic upswing. Always set stop losses!
Happy Monday all =[
This is not financial advice. These are speculative market projections strictly for entertainment and educational purposes. Please invest wisely & not a penny more than you can afford to lose! With that being said have a wonderful day!
The most stable coin at the moment of the strongest fluctuation of Bitcoin -0.26% -0.63% , at the moment, like them, the other altcoins have actually fallen to their bottom. Based on the possible Fibo levels, we can assume that the price is now located directly at its stop-loss zone and you can enter into a Long trade when you start moving up. In general, if the...
Hello Guys! this the chart of ETCUSD 4H.
Points to monitor -
1. on the 4 Hour Chart conversion line crossed up base line below the cloud this is sign that market is recovering and you should close your short position. On the daily chart conversion line is still below the base line.
2. on the daily chart moving averages are little away from price, if indicator...
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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My previous post for Ethereum classic can be found here.
It was mentioned in the post that that a deep retracement was possible for Ethereum classic (ETCUSD) before the resumption of a sustainable uptrend. That is what Ethereum classic is working on currently as...
Price swing from ~$13.18 to $25.32 (price close on May 6, 2018) is identified as a corrective minor wave degree. This implies that a deep retracement is possible for Ethereum classic (ETCUSD) before the resumption of a sustainable uptrend.
Support 1 ($20.59 and 19.97) and Support 2 (between $18.81 and $17.94) as drawn on the chart are in the region of 50% and...
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...
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