Ethereum Classic attempt Hello Trenders,
Here a quick update of ETCUSDT.
Triangle formation.
I see a potential breakout with a first TP to 80 USD Zone then probably a retest support to confirm positive trend.
Few indicators support the idea but I see hidden divergence and triangle push towards price action.
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ETCUSD
ETC - UPDATEETC so far playing out perfectly we caught the bounce from $40 on SPOT and are now already up over 100% on our investment.... from a technical perspective we can aslo see on the daily timeframe market broke above a strong level of daily resistance and also broke above this corrective down trendline.... price is currently retesting the area of previous daily resistance as new support i am waiting for confirmations on lower timeframes before we can look to capitalise on the next leg up.
ETCUSD further bearish correction aheadWednesday freefall in crypros was one of the major deep correction in recent history and ETCUSD has lost almost 30%
From MAY-07 ETCUSD was in bearish trend and its reached 40.00 level.As a minor bullish correction ETC has jumped towards
80.00. At this level we can see a series of corrections.Previously 80.00 has acted as minor support.Sell at current level
and primary target would be 35.00 Place your stop lose above 90.00 which is expected 200EMA resistance
ETCUSD H2Price is now at the descending trend line & structure resistance. Price previously, formed a double bottom formation at key level support, & broke the inner wedge pattern. I will be watching for a clear breakout of the resistance structure & descending trend line where price is currently consolidating at for confirmation to take a Long position.
ETCUSD Multiple bullish confirmationsETCUSD
Perfect double bottom was formed around 40.00 from this level its jumped almost 100%. Previously the 200 Exponential moving average was acted as resistance around 115.00 and now 200 EMA has turned as dynamic support for the bullish run the trend line was already broken.The primary target would be 115.00 and the
extended target would be 135.00. We can set our stop lose below the 200 EMA. The current price was around .50 Fibonacci
Ethereum Classic, With Potential To Form A Channel-Breakout!Hi,
Welcome to this analysis about Ethereum Classic, we are looking at the 4-hour timeframe perspectives. Ethereum Classic in the last times is showing very interesting signs as it bounced back after the bearish developments and formed this meaningful hammer candlestick, besides that, I discovered the major descending-channel-formation Ethereum Classic has developed here marked with the black boundaries and the coherent wave-count within with the waves A to C already completed. Now when Ethereum Classic manages to increase with bullishness further above the ascending-trend-lines this can lead to a decisive channel breakout above the upper-boundary and when this happens it will be a great origin for further continuations.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
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