Ethereum Classic / BitcoinUpdated Possible break down on ETC
Hi. I am thinking that ETC triangle will break down here. Triangles usually are continuation patterns. And the horisontal trend line finds support near 0.00235. As we can see, if price takes that leg down, it wont even be a 100% retrace. A 100% retrace for a newly launched coin is not uncommon tho. So i dont think my guess of 0.0023 is very radical which is about a 85% retrace considering how young ETC is.
Note
We may have a local bottom here. Bull divs showing up on 1H as well as volume. Dont let them squeeze all your profits :) Note
Bad advice. The bullish div may already have played out due to the large green candle
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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.