Chart data shows Ethereum Classic is likely to continue its very big decline against Bitcoin (BTC) in the short term, aiming for the trend line on the chart. This will reflect heavily in the ETCUSD pair, especially if we see BTC continue its correction against the USD. I will revisit this pair once we break the heavy resistance line or reach the bottom trend line. GLWT y'all.
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Kissed major downtrend line... a decision has to be made... I'm still shortNote
Heading toward Min TP!Note
Almost at MIN TP wahooooooooo!Note
REACHED MIN TP!Note
After reaching MIN TP (the max consolidation level) lets see if we breach to the downside or upside. Would make for a nice rally in the ETCUSD chart.Note
OufffHere's the USD
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Heading toward MAX TP and trendline!Note
Following the trend set by big sibling Ethereum.Note
Almost at the trend line! Let's start watching for a bounce :)Note
If you bought the bounce, I think it's time to sell. We are still counter-cyclical and there will be other opportunities.Note
Yeah, I sold a little too early. For now, I think we gonna see some support levels, then I think we will see a big structural wave! But for now:
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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.