Crossing above ~110k sats w/ slowly increasing volume
EMA50/200 Golden cross (last time was around April 2017 Bull Run👀👀)
UCTS Bullish across every HTF (1D-1W)
As inmmediate target ~124k sats resistance level, entering now seems risky aim for R/S Flips or retests
I am practicing with this pattern.
Similar to BCH
- both extended accumulation
- both breakout at similar times due to news and realisation of value
- symmetrical triangles in both cases
I am expecting upward trend continuation
ETC is ready for another run on the Stoch
ETC is painting a bearish small rising channel that has the change to break to the downside
and challenge key support area at around 9800 - 9000 sats which also coincide with the upward trend-line support.
ETC has an upcoming airdrop at block 5500000 (around 5th March) and is consolidating since November
Holders will receive Callisto (CLO) coins at a 1:1 ratio!!
CLO is going to solve the scaleability issues of ETC and allow staking of the CLO coins.
** This is not financial advice, trade...
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.
This is the sum of some alcoins vs BTC paired.
On this chart I just noticed that we recently hit almost lowest levels for ETHBTC, XMRBTC,LTCBTC,NEOBTC,EOSBTC,IOTBTC,XRPBTC,ETCBTC
Also I can see Wyckoff Accumulation and if this is valid in crypto we are at the bottom of this painful correction, so we might see a bull run soon and if correction is...
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.
Went parabolic over the last 48hs with a clear spike in volume (exhaustion?) that suggest some retrace on the following hours/days... (80% up.. ⚠️)
If you are hodling, lock profits and look for lower entries, no R/S flips since 63k sats...
ETC shoots up over 100% price increase in a very short period, this move is kinda scary as no single support is built during this massive move up.
The price can drop faster, be cautious as this coin is highly volatile and risky. Also, ETC is trading within an area of resistance and the candle hasn't closed yet.
Do not FOMO with this type of market move...
In our last analysis, we went long in $ETC and our first target was reached. If you have missed this move. DO NOT WORRY. Never chase a price.
I would like to wait for a retracement after this expansion and would like to see 6012 satoshi level acts as support where you can add into existing long / open a new long.
Our next target would be 7480 satoshis.
Considering oscillators are bullish showing a bullish divergence play along with Elliott Wave hitting at 100% Fibonacci ratio saying that correction phase is over. Likely ETCBTC correcting is done and we're on our way to an impulsive rally.
Bear scenario if it breaks support.