🔥 What heppen to ETC after the MERGE? BULLISH FLAG breakout🚩
Updated
Hi friedns! ETC is moving in the huge bull flag. Let`s talk about the most potential scenarious for the ETC price.
Ethreum Classic is the oldest ETH fork and we see how it`s following the ETH price. Huge dump of ETC happen at the same time after the ETH MERGE. Even if other altcoin make a reverse, the price of ETC will follow the ETH.
✅ After this correction i can expect some pullback. The price fall to 2 important support levels:
1️⃣ the bottom boundary of the bullish flag🚩
2️⃣ the huge value area of $25-28
📊 When you should open a long:
🔥 the whales liquidity collection (false breakout) below the bottom boundary of flag
🔥 the volume growth during the false breakout which confirms the pressense of whales
🔥 DOM and Footprint confirmation of the big orders to BUY at the bottom. These scalping tools help me to identify the whales who want to trap the retailers. In the most cases the bounce from this size lead to the pump and you make 1:5-20RR trades.
🔥 bullish BTC force all the altcoins reach the targets
✅ The closest target is the top boundary of the of the bullish flag ($36-38)🚩 The huge value area are also there, so you can book 50-70% of your profit. The pullback is hughly expected.
🚩 If the price fall below the value area of $25-28 and BTC will be bearish, ETC easilly reach the $15-16. In this case we can open our short on the test of the flag or this value area as the resistance with short sl and nice RR.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Ethreum Classic is the oldest ETH fork and we see how it`s following the ETH price. Huge dump of ETC happen at the same time after the ETH MERGE. Even if other altcoin make a reverse, the price of ETC will follow the ETH.
✅ After this correction i can expect some pullback. The price fall to 2 important support levels:
1️⃣ the bottom boundary of the bullish flag🚩
2️⃣ the huge value area of $25-28
📊 When you should open a long:
🔥 the whales liquidity collection (false breakout) below the bottom boundary of flag
🔥 the volume growth during the false breakout which confirms the pressense of whales
🔥 DOM and Footprint confirmation of the big orders to BUY at the bottom. These scalping tools help me to identify the whales who want to trap the retailers. In the most cases the bounce from this size lead to the pump and you make 1:5-20RR trades.
🔥 bullish BTC force all the altcoins reach the targets
✅ The closest target is the top boundary of the of the bullish flag ($36-38)🚩 The huge value area are also there, so you can book 50-70% of your profit. The pullback is hughly expected.
🚩 If the price fall below the value area of $25-28 and BTC will be bearish, ETC easilly reach the $15-16. In this case we can open our short on the test of the flag or this value area as the resistance with short sl and nice RR.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
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