This is an update to my previous ETC chart but it's also new idea so I'm publishing it here.
Whole inv HS idea is well described at my chart: tradingview.com/chart/ETCBTC/PAsGsOcd-ETC-inv-HS-bullish-scenario/
So what's new? Ascending triangle (white) which is corresponding well with inv HS target.
Target inv HS is 337k but I prefer to use 1.618 of this target, this is good ascending triangle target.
End of triangle even around middle of September, but I whink it will be faster.
Key levels is 250k and 261k. Above 261k (0.000260997 to be clear) 280k is minimum target.
50ema at 4h should act as support and probably 100ema too (old res will be support if we'll see breakout).
We're also in good position above 4h Ichi Cloud.
Whole inv HS idea is well described at my chart: tradingview.com/chart/ETCBTC/PAsGsOcd-ETC-inv-HS-bullish-scenario/
So what's new? Ascending triangle (white) which is corresponding well with inv HS target.
Target inv HS is 337k but I prefer to use 1.618 of this target, this is good ascending triangle target.
End of triangle even around middle of September, but I whink it will be faster.
Key levels is 250k and 261k. Above 261k (0.000260997 to be clear) 280k is minimum target.
50ema at 4h should act as support and probably 100ema too (old res will be support if we'll see breakout).
We're also in good position above 4h Ichi Cloud.
Note
Daily candles now is 3 doji ina row. So it's probably 3-star pattern. I'm not sure if this is bearish or bullish 3-star. We don't have middle doji's body and high above the others adn udner the others, so we don't know yet. 3 dojis are after bullish candless so it may be bearish but overall trend on ETC was long downtrend so it suggest bullish... Anywway, please read about 3-star pattern in Bukowski's work and watch carefully next daily candles, actual trendline and 240k level.thepatternsite.com/TriStarBear.html
thepatternsite.com/TriStarBull.html
Note
Under trendline-update:Note
Probably Bulltrap. BTC is going up, someone decided to try pump ETC but too late imo:
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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.