ETC was trading below the 50 SMMA. however as you can see the circled it met with plenty of resistence and it has broken down from here. currentl ETC is trading below the 20 EMA and until we dont see a breakout from here we could go down further.
Taking a look at the price of ETC on the weekly.
and my god.
does it look like we are going to have a flat (few years?) after which our markup will be IMMENSE.
reason why?
Cause and effect.
Larger the cause, larger the effect.
Wyckoff suggests that accumulation and distribution are cause zones, and mark up and marke down are the effects.
Say ETC accumulates for a...
I think we can all agree that the ETC is a slow moving coin. Not much volume. Wish there was more interest as volume would increase thus more volatility. But we'll have to see how investors react to upcoming news from the Dev team.
We saw a test of the support level 0.001973 which lined up great with my descending triangle , bouncing right up. Again, we saw a...
A continuacion el precio se encuentra consolidado en una cuña. Si llegase a romper ese inner trendline, esperar pullback y comprar.
Si el precio rompe a la baja esperar que llegue al siguiente soporte y buscar posible entradas.
BUY AND HODL
It may not be in your top 3 alt coins that you follow and trade in and out of but it's the perfect hodl coin for this quarter right now cause you can set it and forget about it.
It's found it's floor after retracing since FEB 14TH. Alts have been in recovery rally and ETC is off cycle compared to them. It just found some life and up 4.29% now. ...
In accumulation. Looking back at the recent price moves, it is kind of an expectation that the price goes up again after the last dump. MACD and RSI looks to be in favor of it. Any comments/ideas on this welcome. Happy trading.
Wykoff Accumulation phases
Here is a figure to know the wykoff theory
d.stockcharts.com
buying territories is in blue boxes
Fisrt box around 210k-190k (LPs)
if dropped further
Second box around 160k - 120K (Spring phase)
then a mark up to the moon
just remember it's just an idea that could happen depending in the market it's self
50 likes if u want to...
The chart shows marked increase in the period between 2018-4-14 and 5-6.Since then fell to approximately fib 0.764 (great support),On the other hand MACD and RSI illustrates RD+.
It can be concluded that in the next days (after bit retracement) probably ETC will move up to blue area (Fib Ex).
