ETC is a strong alt coin for 2018 and has been making steady gains since April 12th.
This is a good example of previous resistance levels now acting as support (Red line).
We also have a formed wedge which could provide the catalyst needed to begin wave 3.
Looking at the larger picture, if this pattern plays out we have a cup+handle formation with the breakout occurring on the 5th wave up, which could result in 100% or greater profits from current price level.
This is a good example of previous resistance levels now acting as support (Red line).
We also have a formed wedge which could provide the catalyst needed to begin wave 3.
Looking at the larger picture, if this pattern plays out we have a cup+handle formation with the breakout occurring on the 5th wave up, which could result in 100% or greater profits from current price level.
Note
ETC broke support but bounced off the longer term trend.Note
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.