Still in a triangle, boring i know. However, we do observing massive spikes and rallies in the ALT coin community.
So it is obvious to a lot of traders that a bottom is forming and accumulation by smart investors have occurred.
However, the big question is, Can this ascending triangle is just 1-2 wave into 3-4 bear wave?
Stay strong, HOLD the line. Patience...
Well don't blame me about the recent spike. You were warned on March 5th when I told you to buy at 4.226 on a perfect fractal recognition and target 6.500. Well ETC took off right after and touched 8.000 even!
Another perfect fractal has been spotted from the 2017 kick start...
Ethereum Classic #ETC. "Adam & Eve double bottom" pattern validated with breakout of the neckline happened just now.
In additional, breakout of the long term resistance since may 2018, and now positioned above the MA200.
Let's see if it will pump enough to get back to its past "normal price" over $12-15. ;-)
Conclusion for today’s Ethereum Classic Analysis: Conservative entry into a long (buy) position(s) is best carried out on a breakout above 9.47.
Over 17 months of price action is shown on the Daily timeframe of Ethereum Classic from October 2, 2017 to current date. Using a logarithmic scale for analysis and chart inspection, the bearish channel in Ethereum...
Alt Market Evisceration incoming...
Next on the kill list ETC.
Failure is part of success.
If I am wrong. Oh well.. I shall try again. :)
Target Buy is $0.96
or -84% of its current value.
Yep. You heard right.
The updates are coming as the reversals look like they are in sight... on many charts we are seeing double bottom patterns, or wedges in the final stages like we see here on ETC.
There are two scenarios I am seeing right at this moment one where ETC could still hit the top resistance on the wedge bounce down and then try again, or the second being...