ETC is below a medium-term downtrend channel we only going to look for a long postion when the price break this resistance and accumulate above that level, and enter on the next breakout.
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Ethereum Classic is currently in a run up almost 13% on the day. I believe as long as BTC behaves we could see an even stronger pump in the short term. I would be cautious of entry right now. As I stated, stability of the pump is really dependent on BTC holding or breaking its current range. However, if managing risk properly, this could be a very profitable long....
TOTAL2 and ETH classic have both formed ascending scallop formations
These are bullish continuation patterns
A pullback can be seen if you look closely
ETH classic supported by 200MA
TOTAL2 loos ready to breakout
My other analysis on TOTAL
Previously I published a post on Ethereum Classic where the ETC was forming a bullish Butterfly and as per prediction after completion the ETC produced more than 270% big gains.
Formation of another harmonic pattern:
This time on again 2 day chart the...
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.