Starting off the year great, let's keep it going. This is what I'm envisioning... Key things that must occur for this to play out: 1) We cannot go back and rest on the support at $7,000-$7,500. We must rest around $7,800-$8,200. With wicks testing $7,500-$7,600 region. A sustained sideways action at $7,000-$7,500 creates an identical pattern as to that of...
Dragonfly doji,'is a type of candlestick pattern that can signal a potential reversal in price based on previous price action'.
Hi Guys, Looks identical? not a financial advise ! Good luck
Ethereum Classic has made an impressive run after bouncing on its Support, beating most of the other cryptocurrencies. Eventually it got rejected on the Resistance Levels to watch: - The 9.860 Resistance. Only the wick of the January 16 candle managed to break it but didn't close above it (still rejected on the higher Resistance). All candles have closed below...
I definitely don't want to rule this out. Coming from the beginning of this rally on Jan 2nd, the impulses have gone like this: 0 = @ $6,855 on Jan 2nd starting point (the exact bottom I called on Dec 28th) Wave 1 high = $8,461 ($1,600 surge) Wave 2 low = $7,665 ($800 correction (exactly 50% retracement) Wave 3 high = $9,195 (essentially another $1,600 surge...
ETCUSD Weekly Chart, Fibonacci Analysis. Disclaimer: We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before...
Nice structure here in the ETHEREUM Classic (The DAO). Solid moves. We are now at the previous X wave top. If this was a 2nd wave low, we are looking much higher, above $50 Expecting the support in the area of 4th wave of lesser degree and then another push on lower volume and divergence towards a possible 5. Time for corrective choppy days on this one. Good Luck!
Time to fall. Targets are ~8500 and ~7600. First zone just above 0.382 Fibonacci level is the last one that assumes bullish continuation. If price drop lower, momentum will be lost and ETC will take much longer time to consolidate within same 7000-7700 area.
Amazing rally. Still thing we have a larger degree wave 5 ahead of us, but the wave 4 correction is going to take at least a week.
#EthereumClassic #ETC- From The Guy Who Called #BTC Under 2.68 This article will mostly focus on key characteristics and fundamentals that I used to make up my LONG investment thesis for #EthereumClassic #ETC I used the title " #EthereumClassic #ETC- From The Guy Who Called #BTC Under 2.68 " as a reference to my previous article which focused around #Litecoin...
I am now completely out of my ETC position from below $4.00. Convincing breakout from the down trend. I'm looking to buy any and all high time frame dips for long term accumulation. I've outlined my two potential support areas below. This could see a 300%+ moving over the coming year.
I wrote about this coin and how to trade. If you missed that post, you can find it in the related ideas. The main idea was to wait for a pullback from 5.50 as the breakout signal would provide more risky trade. But if you bought above 5.50 or if you followed the trend reversal signal and opened long positions from 4.00, now you have to decide what to do with...
It's been a while since we took a look at Ethereum Classic, a very strong project. Right now we are looking at the long-term chart on Poloniex for ETCBTC (weekly timeframe) Here we have the classic break of EMA10 after a new low was hit and later tested and support. This simple move can signal the beginning of a new uptrend. Chart: When we look at...
I don't believe in this market as the asset for the long term investing, but as the coin for trading with close targets, why not? The price reached the resistance line SMA200, and we can get a reversal. If you hold this coin from 4.00 levels, probably it is the right time to fix at least the part of profit. When the price broke the downtrend line, it was a...
Ethereum Classic is extending a strong rebound after the December 17 low, which on a 12-month basis appears to be the bottom of this cycle as the bounce happened inside the 3.300 - 3550 1M Support Zone. Even the RSI sequences of the (Dec 2018-Feb 2019 with Nov 2019-Jan 2020) are similar. So what's now then for ETC? In my opinion we should focus on the Symmetrical...
Sxc looking Fibonacci lines, sitting above grey line. Movement upward likely.
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