Drop Base Rally painted for BTCUSD
We see a sharp fall (Drop), followed by resistance (Base), followed by a run up (Rally), a textbook drop base rally formed.
As we can see there are many wicks in the "demand zone" showing that there is support as this level (Approx 6300), because of this it proves rather difficult to puncture below and a bounce is expected.
ETC has formed a drop base rally, in addition an announcement by Coinbase has been made, stating ETC will be added for trading soon.
The listing of ETC on Coinbase will provide enormous newfound liquidity, and ease of buying with Coinbase's beginner friendly UI. Unfortunately, it has not been released exactly when ETC will be listed.
TP1: 30% @ 15.50
TP2: 35% @...
