A good week going forward for ETC is almost a given... following the 3-day life cross on this 1-day chart, price action has re-tested and confirmed support on the 600-day moving average. Secondly we have a strong Stochastic RSI move to the upside.
Full disclosure, I don't actually hold ETC, too few developers working on the project for my liking.
-starting to break the local line resistance
-we might see a retest of the trendline to flip support
-if the price breaks 6.9s, signal to buy order
-target is the recent top at 7.6s
-stop level is set at 6.5s
Actually, I don't like the symmetrical triangle. But there seems to be a tiny cute RSHS in the triangle. If it exceeds resistance, I think the first target is 7.15. it is not investment advice. It is my own personal work. Good luck.
Quick post to alert of possible ETC run soon.
This coin has been laying low while BTC ran.
It has just punched through a key resistance.
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Previous ETC Analysis: (click)
$8.00 Retrace Entry
$5.40 Rocket Launch
$5.00 Long Entry
$4.00 Launch Prep
$13 Top Warning
$ETC / #USD
Reached ~7$ resistance after a big push over past week(~20%)
Current level matching Ichi cloud upper trendline & Fib .382 may lead to some turbulence before continuation (R/S flip as entry)
UCTS signals has been very smooth on this chart as reference
I think this BTC pre-halving pump with lift some of the coins vs usdt and looks like ETC will be one of them.
I bought this trend continuation setup at the break of the 0.25 line.
It's an anticipation of the AB=CD harmonic pattern.
Stop goes to the 0 red line, target to the 1 line.
If you like our trade idea, please hit the like bottom, also comment down...
Supply block around 6.69
Waiting for price to come back to trend which lines up around 50fibs and also previous low wicks - bounce off here will give me 3 confirmations to long
Stop below 61.8. I realise the current structure calls for a bigger stop however I believe as it comes back to the TL more structure will be created and as long as that...
Another video summarising my thoughts on where we are with BTC, SP500, and many ALTs.
ALTs = ADA, DASH, ETC, LINK, OMG, XTZ, ETH, NEO
For those I covered quickly, here is a chart for ETH and target.
I'm making the commentary short because I have a few things to do now, but later today, I will try to add more...