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Etcbtc

ETC Ethereum Classic Double Bottom, Target 16/18I have been scrolling through my list and i was staring with my mouth open for a while looking at this chart. Wondering, how the F did i miss this perfect setup. Maybe on of the easiest a trader can encounter when doing TA and trying to find a nice pattern. I know one of the main reasons is that i have not been around much as i used to past half year, but also because my big picture for Bitcoin (the fractal), was only half way, so i was not really looking much at alts before getting some real confirmation for the fractal. But this one lifted off way before Bitcoin did. Anyway, missed opportunity, shit happens :). At the moment, it's at a big resistance around 10, it even wicked to 12, but think we can assume that is just because of the speed of the rally which created a short squeeze as well. So i am going to assume that the 10 zone is still intact. Ideally we see some kind of consolidation coming days/weeks between 7.5 and 10. Creating like a big bull flag as i am showing on the right. If we see this happen and if it takes a solid shape, like a bull flag, or a ascending triangle, chances will be very big to see a continuation of the rally. Target is not easy, but think it would be between 16 and 18. If we break up, volume is of course very important as well. Double bottom patterns are reliable patterns, but no guarantees of course. Previous analysis:
BITFINEX:ETCUSD
by botje11
12
Ethereum Classic Long-Term | Analysis + 700%+ Fib. TargetsIt's been a while since we took a look at Ethereum Classic, a very strong project. Right now we are looking at the long-term chart on Poloniex for ETCBTC (weekly timeframe) Here we have the classic break of EMA10 after a new low was hit and later tested and support. This simple move can signal the beginning of a new uptrend. Chart: When we look at Ethereum Classic (ETCBTC) closer, the daily timeframe, we can spot the following signals Strong break of EMA100. MA200 challenged and broken. The confirmation comes after daily candle closure in ~1H. Higher low and bullish indicators (MACD and RSI). Increasing bull/green volume. Remember to always have a plan just in case things don't go your way. This is another bullish altcoin that will start moving strongly in Q1 2020 and beyond. Thanks a lot for reading. Thanks a lot for your continued support. Namaste.
Long
by AlanSantana
4
ETC/BTC TA Update (1 More Leg Up?)ETC/BTC ETC is battling key resistance area or the previous Swing High at 7000 sats levels. We are still in an uptrend but we have 1 warning signal on the RSI. I'm still bullish on ETC since this upward trend-line is still intact. EMAs are also catching up on its uptrend, this will give us dynamic support to continue another leg up. Key areas must hold is 6300 regions and anything below it will trigger selling pressure to invalidate this bullish uptrend.
Long
by PolarHusk