Ethereum classic has been in an uptrend for a while and there seems to be a repeating pattern.
Strong support at the $9.75 line indicated a reversal of the downtrend while a 30 degree uptrend line holds steady.
The boxes indicate repetitions I have identified and we seem to be approaching the end of a pennant.
Target is $50 on Dec 10-12, but I will set my sell...
Bitcoin spiked up following the news around BIP91, but it seems that its bull run is going a little down.
You can see as soon as the spike was reached, the volume dropped which indicates this price cant hold. Target is the green dot, however BTC can be unpredictable at times, so trade with caution! :) Good luck!
Not so sure about this idea but I figured I would put it out there and see. Always a learning experience, right? :)
It seems ETH changed downtrend angle 3 times before breaking out, and we could see a resistance at the remaining two. It's important to note that the very last resistance line is at the same angle and location as the original downtrend line (if you...
We recently saw an ETH breakout from its steady uptrend, but it got stopped in its tracks around the 250 mark. I believe its hit the resistance originally put into place by the downtrend that started from the all time high.
However, It plowed through the resistance from the second downtrend angle easily, so that is a good sign. Hopefully there is another...