short - mid term
long - long term
RSI also showing bullish divergence on the daily with increased trading volume . continuation downwards would invalidate the count
This is not an investment advice and just an my opinion regarding possible future price action. DYOR, Make your own decisions and tread carefully (:
Included link to a CCI30 chart analysis. As you can see, we just a very nice ABC pattern and touching 2015 support trend line. Don;t be surprise we will have rallies up now. We might have some ABC patterns now, but overall the price will be less volatile and will eventually will get out of the channel, that is when everyone will pile in, and we will repeat the ...
All three 8.500, 8.000 and 7.700 targets have been accomplished after the violent push lower on 1D (RSI = 13.637) that even broke the 1W Falling Wedge formation (STOCHRSI= 0.000, Williams = -95.695). The price reached levels that we haven't seen since May 2017. Right now the monthly SMA100 calls for 3.4325 where MACD = 0.853 may support. Our long term shorting ...
ETC Dev announced shutdown. The majority thinks ETC is DEAD, going to ZERO. Strong NEGATIVE WORDS. Buy the FUD and Sell the FOMO? Well, this is what FUD looks like. Downside: It could go to ZERO. Upside: It could be trading around $100 in a few month's time. YOUR CALL.
Unfortunately for permabulls, I called it back on September 12, 2018. ETCUSD would hit 3.20's.
With more data, and the current market climate, it's very possible we will see ETCUSD at the $2.50 range (maybe even lower).
We're currently on the Y wave of an WXY correction, which may end up continuing as a WXYXZ correction.
Prices and zones I am watching out for ...
So I made the mistake of jumping in ETC, but failed to jump out thinking it would go to five bucks again (Boy did I learn lol). After looking closer, I see the next bounce will happen at the 3.90 to 3.80 mark. I if you look at the chart, when the price falls, it falls 30 to 40 cents before the bounce. If you are looking to make a bit of coin on this ...
Trending line has clear bearish tendencies since the end of February.
We are currently missing any major support line until around 2.662USD. Either we will create a new support by side action or we will fall in correlation with the trend line.
Volume is proving to be not big enough for bulls. We can clearly see that bears are taking ...
Take look at this 62% wick to the upside on ETC ...This was price manipulation at it finest ,any short above 2x got liqudiated . Now you have been warned many times about tether and bitfinex this is another sign they are complete scam and soon will be shut down . These people should be in jail ,counting jail bars not your account money .You have been warned !