ETC is a good design for continued growth. to the ETC dollar as the market as a whole looks long.
now we're looking at the Bitcoin chart and we can really see how the new trend is formulated.
long from current level and stop loss for 8000satosha
the target will be a local hi
Friends, thanks for your likes and comments!
Good luck with trading!
Etcbtc
ETC/BTC TA Update (short-term relief?)ETC/BTC
ETC may have temporarily found support at 7100 sats regions and manages to break the trendline resistance.
This is a good sign for ETC bulls in the short-term but the battle is still too far.
There is a lot of trading action needed to shift the tide.
ETC needs to hold current levels and must not close below 7100s because
this will invalidate the potential short rally up after breaking the important trendline resistance.
If everything goes well for the bulls, I'm eyeing a potential top at 10k-12k sats levels.
ETC/USDT UpdateLoosing the second support and seeing it as R breaks bulls heart, tho we dont give a f*ck!
Now I might say etc's massive moves to the moon could be very volatile!
Buying blindly the green zone or "Base" can trigger emotions! I would be cautious if we get there
I'm long term very bullish with the market so i see lows as buying opportunity ofc witc calculated risk
Ethereum Classic Heiken ashi in a chop range but still looks like it could be upward continuation
Renko on the bottom is showing a double bottom cup pattern
Order book seems in favor of the bulls
I don't have a crystal ball but if this trend continues I think we could top out in the mid $20s but that is just complete speculation based off Fibonacci extensions
ETC ANALYSIS (BREAK FOR A LONG!)ETC ANALYSIS:
ETC broke out of the falling wedge and pushing 50MA to crossover the 100MA in a bullish manner. I expect a further increase following this move. I expect take profit 1 to be hit just below 1000 sats at 980 sats. T1 is the next resistance band, a break here would make way to easily break T2 at 1020 sats, T3 at 1065 sats, and lastly T4 at 1150 sats. The prime entry zone is from 890-920 sats. Daily RSI and Stoch are cleared for a major run up. Deep support is down at 700 sats. I dont expect deep support to be hit, rather a double top over 1100 sats first!
Possible Entries: 890-920 sats