ETC is currently completing another microcycle on a 1hr chart. On a 4 hour chart this is a very strong coin. Some divergence from the uptrend is expected and allows for those who have not bought in yet the ability and chance to come in.
**KEEP IN MIND** I'm using the BOSS METHOD of analysis, a Patented Technical analysis tool created by Brandon Kelly known as the Boss Of Bitcoin 0.52% across various of social media platforms. The BOSS METHOD uses fractal harmonics and 3 (sometimes 4) moving averages (7,77,and 231 also the 21 occasionally to get a tighter grouping) to accurately predict the price and action on a lot of charts. Its looking to be very ground breaking in terms of putting very powerful prediction tools into the hands of just about any one. These MA's work like a quantum computer and is based off of previous cycles of the coin, that is why they are so powerful.
TECHNICAL ANALYSIS:
In the TA you can see that the 7(white) is sloping downwards and is coming to meet up with the 21(red), once the red goes over the white the quick money is out of this and is a decent buying opp for the short term. What makes this still promising is the 77(blue) and 231(orange) are rushing upwards and act as a huge support for this coin. In fact this divergence is not even being seen on the 4hr chart my guess is this is just a pullback, similar to what we are seeing in BTC at this time. Once the white goes under the red we will see a little more dip and then a flat line. Once it flatlines it will continue its uptrend and continuation pattern. Remember the textbook micro cycles these coins are making.
1.Breakout-Happened
2.Breakdown-Happening
3Flatline-To come
REPEAT.
Remember a good trader buys on the red and sells on the green!! If you catch a bullish chart that's already running you wont maximize profits and have to be really diligent when observing it.
-Trustme
**KEEP IN MIND** I'm using the BOSS METHOD of analysis, a Patented Technical analysis tool created by Brandon Kelly known as the Boss Of Bitcoin 0.52% across various of social media platforms. The BOSS METHOD uses fractal harmonics and 3 (sometimes 4) moving averages (7,77,and 231 also the 21 occasionally to get a tighter grouping) to accurately predict the price and action on a lot of charts. Its looking to be very ground breaking in terms of putting very powerful prediction tools into the hands of just about any one. These MA's work like a quantum computer and is based off of previous cycles of the coin, that is why they are so powerful.
TECHNICAL ANALYSIS:
In the TA you can see that the 7(white) is sloping downwards and is coming to meet up with the 21(red), once the red goes over the white the quick money is out of this and is a decent buying opp for the short term. What makes this still promising is the 77(blue) and 231(orange) are rushing upwards and act as a huge support for this coin. In fact this divergence is not even being seen on the 4hr chart my guess is this is just a pullback, similar to what we are seeing in BTC at this time. Once the white goes under the red we will see a little more dip and then a flat line. Once it flatlines it will continue its uptrend and continuation pattern. Remember the textbook micro cycles these coins are making.
1.Breakout-Happened
2.Breakdown-Happening
3Flatline-To come
REPEAT.
Remember a good trader buys on the red and sells on the green!! If you catch a bullish chart that's already running you wont maximize profits and have to be really diligent when observing it.
-Trustme
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.