Ethereum Classic (ETC) UPDATE 255.24Ethereum Classic has been trading within a descending channel (yellow) since the start of the month. As of press time, the $25.24 support level had held firm. Moreover, the price has compressed in the past 24 hours (white), just beneath the channel’s upper beneath. This could see the price break out to the upside, or face rejection at the channel’s upper boundary and move beneath $25.24.
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"Facebook: Top and Bottom Analysis" by ThinkingAntsOk4H Chart Explanation:
- On a Weekly Basis, price is on an Ascending Channel and on a Micro Ascending Trendline.
- Price broke the Resistance Zone and made a Pullback to it (now Support Zone).
- Price has potential to move up towards the Top of the Ascending Channel.
Weekly Analyisis:
Daily Analysis:
Updates coming soon!
FACEBOOK'S DAYS R NUMBERED.FACEBOOK'S DAYS R NUMBERED. Even thought it may well make some weak new high but probably not that high from the previous high. They are at the top channel of parallel trading line. I marked them as Red and Light green. But also I drew a solid black like which crosses the red line and creates a triangle. Once you see the triangle has been broken FB will be weak and good time to short for long term holdings. The next support line is light green line and once it breaks that one it will be a free fall zone. You can add up more once they crosses the light green line but just be careful other traders like you may come to short it and you get a short squeeze ez.
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