#Etc_Btc if it will be true best where for exit will be about 12600 for some days breaking this 2 lines means end of the pattern and neads new analysis
The latest analysis for today All lines are now clear
ETC is just on a major support line. Two options are possible. ETC could bounce on the support, break the other small resistance and go up 7 % or more. Or it could break the support and that's what stop losses are for.
#etc blue line is important for 15 min chart and use this 2 blak lines for hi and low - trade and sl breaking each of this lines means pattern ends .
Generally this divergence suggests this is the top. Here we have *just about* broken down out of an ascending wedge (a bearish pattern). This support is now turned resistance and ETC will have to either a) consolidate sideways or decline to support or b) bounce back into this wedge and close inside it to continue its rise. However, ETC has just recently broken...
it was for 3 min but system cant accept less than 15 min
Couple of bearish indicators on the ETC/BTC signalling a short-term short? 1. Bearish div with RSI and Stoch RSI 2. RSIs are overbought 3. Ascending wedge 4. Low volume on last candle I would place a short here with stop loss at above 141k sats. Last exit would be 110k sats for me.
On the 30 minutes chart, there is a strong support. Placing orders right on the support is wise. Also, the price is correcting from the previous pump. This means that, if the trend continues, price should go higher.
Skipping this one because of the resistance above, but still interested in tracking the performance.
$ETC 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 #ETC
- safe trade when price breaks through trending line AND resistance at 1077 satoshis - buy: 1080 satoshis - target: 1325 - profit: 22%
etc is highly bullish, within an overall downtrend, careful watching this play out. but could develop clearer patterns in the coming weeks
Dragonfly doji,'is a type of candlestick pattern that can signal a potential reversal in price based on previous price action'.
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/BTC 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.