It fell from the long-term uptrend line (1) and the uptrend line (2).
At 4.250, you must get support.
You need to make sure that you can ascend quickly to the long-term uptrend line (1) and the uptrend line (2).
The key point in your current location is 5.889.
All coins are located at attractive prices.
Analysis for ETC/USD (-- Different Time frames --)
Will the ETC Break off the Triangle?
- If The Break is Verified, Probably there will be a Nice Long Reaching the Nearest High Level, around The 7 Marker.
- If Stalled Longer than 5 Days, Most Probable we will see another Very Nice Short.
(-- Awaiting Verification --)
- These Forecasts are...
Pulse of an asset times Fibonacci: ETC at minor Impulse Redux
ETC has been very strong for an alt, perhaps due to Greyscale listing.
Now it has retraced with entire market, back to the last wave's origin.
This was a "wave 5", and those are almost always retraced completely.
"Impulse" is a surge that creates "Ripples", like a pebble into water.
Well friends, lets begin this month a little different.
Observation and a Warning of things to come:
In the age of Cyberpunk, - if you are not familiar with a term, google it up - we have variations of futures where we live in a high technology, but a world is screwed up. And most often than not it has 3 or 4 key components.
World War 3
I expect the completion of correction in wave C-Minute and the beginning of price growth in the framework of wave 1-Minute.
Locally high probability of testing the lows.
Friends, support this idea with your Like and any Comment.
Expecting ETC to break out from an ascending channel. The area to watch is around 5.3 USD as it will be acting as a resistance. If it flips the area I see a great chance of hitting low 6. My target then can be seen on the graph.
Good luck trading!
Hit like if you agree with my idea. Comments are welcome.
This is not a financial advice.
What a month a January was, wohoo! I hope you guys held, and sold at good profits :)
I was surely off on some of the fractals of the January, and the patterns was a lot stronger.
We did hit our expected FIB correction price.
No, so what is up with February: It comes down to if either 3-5 or 1-2 bull rally.
Depending on that we are going to have a few...
ETC has formed a descending broadening wedge, this is a bullish pattern. There is a large price range for bullish movement outside of the wedge. Also included early phases of ETC and compared to GNT (golem), shows clear degeneracy, with a sharp reversal point. Big money to be made.
Cryptocurrency market also crashed and didn't act as safe-heaven asset-class...
ETC lost more than 50% of it's value in March.
At the moment it's moving sideways in a triangle, accumulating longs?
EMA indicator is bullish.
Entering the market from around 5 price level with S/L below 4.5 and T/P above 7 provides decent R:R.
I would very much appreciate if...
on the weekly we seem to be in this channel moving sideways - however bc we went from the bottom of the channel to the top which deserves a nice correction to maybe a little over $5 - I personally dont think it will be a double wave combo and the ABC correction is all there will be...which means we will spike right after we hit that $5 to $5.50
I am not financial...