What is there to say, You can see that crypto is definitely trying to break out.
I think all i am going to say is this:
Money from impatient to the patient. So hold strong, hold religiously if you have to, just don;t shit coin, mkay bro.
Really got little to say for Novermeber, as i think most of the action will come down late Novemeber,
with BTC dominance dropping and alts pumping again, ETC is looking like a break out is very probable after a long consolidation and a 40% pump on NOV 17th I am looking for it again in the next 24hrs if BTC remains stable.
September was a dull moment in crypto world. If you look at the price action.
However, underneath this bearish price action across the market. I am continuing to smell a big bull run that is coming for those that can see how this panic sell offs and profit taking are playing right into the hands of those that are patient and got deep pockets.
I cleaned up...
ETC firmly in oversold territory, testing previous lows. Given the coin's resilience last month to very bearish news, and better future news on the horizon with defi compatibility 51% protection and SHA-3, I expect we will see a bottom here soon and then the price will begin to climb toward $8 or $10 in the medium outlook.
ETCUSD in a Gigantic flat bottom wedge (floor @ 3.390). Triangle pattern emerging, each successive triangle rotating counterclockwise and slightly longer. HODL for month cycles. You won't be seeing an ATH if it stays in the wedge.
Ranges are repeatable trading chart patterns.
Ranges are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout...