after the breakout, the price has pulled back to the nearest support zone. based on luxern strategy, we can expect from ETCUSD to move to higher levels...
Only trade with good risk management, and don't use higher leverages!
Hello friends, A Possible scenario is shown in the chart.
Bull Flag Pattern:
The basic interpretation is that the pattern reveals that Bulls are waiting for better prices (Give it to them :) , but after breakout, Bulls are not waiting for better prices and are buying every chance they get (Catch ETC If you can). Although the price may fail to overcome the...
ETC is great shape to do a correction and gets back to the fib retracement as the brush plotted obviously after that we can expect a nice jump for this little damaged alt-coin due to its recent cyber attacks and watching its gaining power
This is a chart of some support and resistance lines that ETC seems to be caught in. Every time it breaks a channel it should make it support with confirmation. ETC looks to be safe trade as it's on the bottom of the channel. The double attack a couple months back has really pushed prices real low and is really under valued in this market in my opinion....
I am currently bullish about ETC while EngineeringRobo remains neutral.
If you are holding ETC, you should likely hold and sell at the resistance level (5.77) or wait for EngineeringRobo sell signals.
If you are looking to buy, wait for further EngineeringRobo buy signals (as the EngineeringRobo is neutral and R/R ratio is below 2, trade isn't recommended) or...
I have 3 positive signals and resistance line turned to support line you can buy at support level ( $ 6.95)
ı am expecting that the first movement will be $ 8.15 if it will pass this section second one will be $ 9.35
buy at new support line , wait for it to exceed $9.35 than sell resistance line ( $ 11.20)
Moon, buy2 and bull signals say it is a buy. I have created support and resistance lines and the chart is currently not having momentum in either direction. Lets wait and see if any sell signals come. As always, buy at support and sell at resistance!
ETC/USD looks like its completed its 3rd & 4th large degree wave, and is ready for one more leg up to complete the 5th.
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