EthereumClassic(ETC) Update : Viewpoint of Apex pattern.As like as other altcoins, ETC is on a tough price trip. During in few months of declining, the price tried to rise in a while but it soon turn to downtrend again. In this confusion, I have assumed several scenarios for future trend of ETC. And today I suggest a scenario, 'Viewpoint in Apex pattern'.
In this 'Viewpoint in Apex pattern' scenario, ETC is on a 'c' wave. I think the 'c' wave is not completed, and ETC price can go lower lows in a few days. When the price approaches the 'c' point, the MACD line will start curving up.
The important thing in this scenario is that the price trip can be more boring than you think. The chart calculates ETC price trips per day per candle. And the 'e' point at which Apex is expected to end (where the new trend starts) is about the end of June. Given the amplitude is getting smaller, a change in price for about three months may not meet your expectations.
Apex
VEN, pending breakout of key apexI think that VEN is currently correcting and squeezing into a key apex which it will break out of. The first impulse wave up appears to be already completed and following a 1-1 extension VEN has the potential for a 40% gain. The blue box represents an early accumulation zone at the 618 fib retracement level, however I would suggest buying in on confirmation of an uptrend following the breakout of the key apex, placing your stop loss below the apex. VEN has already bounced of the 0.5 fib region for its whole wave retracement so I do believe the market sentiment to be overall bullish for VEN.
CrossroadsWe are in a crossroads between major trendlines here.
This forms a triangle pattern on which you can apply fib-time lines to predict a breakout (0.764 fib-time).
I added some interesting levels and other trend lines aswell.
How to trade it:
Depending on what side of the triangle (bottom / top)
the price is closer to while approaching the 0.764 fib-time,
you can start scaling into the respective trade.
For buys you can wait for breaks of:
231 level
yellow trend line / H&S neck line
blue triangle top
log downtrend (red)
260 level
For sells you can wait for breaks of:
apex level 218.33
210 level
200 level / triangle bottom
192 level
Targets are based on projections of the widest distance within the triangle, down / up from the apex.
For the up target the absolute value is used, for the down target the % value.
If you have any questions please leave a comment !
Good Luck ! : ]