Etc
🔥 ETC Bullish TriangleWith BTC rising rapidly, big cap alt coins are following suit. ETC's rise has formed a nice bullish triangle for us to trade.
ETC saw immense gains only a couple of weeks ago. Two weeks of being relatively quiet might actually signal a boom in price soon.
If bullish pressure remains, we might form a new ATH in the near future.
Happy trading!
Ethereum classic forming a falling wedgeHello traders,
Here is a chart of a strong Alt coin ETC. ETC is forming a falling wedge. Look carefully for a breakout or resistance at the top of the falling wedge.
On a breakout to the upside, there should be heavy volume. Right now we are likely to see a reversal to the top of the wedge also because volume is extremely low.
Volume is key in general but even more in breakouts.
If the for the moment waek BTC continues to plunge then the ALTS may struggle to move up unless Bitcoin drops very slowly and the dominance decreases.
The RSI looks like broken out which is a bullish sign but this bar has not finished yet. Also a nice positive divergence helps but it is not yet the case.
Further it is very important to analyse Bitcoin then you get a better feel for all the ALT coins because BTC still is the leader from the crypto currencies. If it goes down heavy the whole market plunges too.