ETC has a similar structure with all other majors (usd pairs) after the bounce.
There is one difference though, its previous price action its way more different and there is a chance that it has completed the correction from ATH.
Currently channeling on a double zigzag combo which may even turn into a triple one depending on Bitcoin direction.
Short term bias: Bullish (with a chance of deeper retracement)
Oscillators bias: Bullish ( points to a bounce soon (TM) )
Technical bias: Bullish (Potential truncation ending the correction, very clear 5 waves up, reaction on the 0.65, sell volume declining)
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There is one difference though, its previous price action its way more different and there is a chance that it has completed the correction from ATH.
Currently channeling on a double zigzag combo which may even turn into a triple one depending on Bitcoin direction.
Short term bias: Bullish (with a chance of deeper retracement)
Oscillators bias: Bullish ( points to a bounce soon (TM) )
Technical bias: Bullish (Potential truncation ending the correction, very clear 5 waves up, reaction on the 0.65, sell volume declining)
Zoom out:
Zoom in:
Trade closed manually
Closing manually with a loss. I have no idea what its doing but it looks like some kind of 4th wave like everything else.Look for a reaction at the .887 [ ~$10.65 ]
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Related publications
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.