ETC - Ethereum Classic - Classic Bullish C&H Breakout
Updated
You can see on the chart the new uptrend started on June 12th after Coinbase announced they would be adding ETC within a few months.
On June 22nd BTC took a dive and stopped the momentum ETC had going. A small retracement over the next few days created a classic H&S pattern on the chart.
Yesterday ETC dipped for the third straight day bouncing off the EMA20, reversal started.
Today ETC has broken out of the handle and is looking bullish once again.
My trading strategy targets for ETC on Binance or Bittrex as posted on my Discord:
bit.ly/Redking_NerovDiscord
Buy up to: .002285
T1: .003 31%
T2: .00388 70%
T3: .005 118%
SL: .00194225
Daily volume: 1828 BTC
Comments and agrees greatly appreciated.
Thanks for your support.
On June 22nd BTC took a dive and stopped the momentum ETC had going. A small retracement over the next few days created a classic H&S pattern on the chart.
Yesterday ETC dipped for the third straight day bouncing off the EMA20, reversal started.
Today ETC has broken out of the handle and is looking bullish once again.
My trading strategy targets for ETC on Binance or Bittrex as posted on my Discord:
bit.ly/Redking_NerovDiscord
Buy up to: .002285
T1: .003 31%
T2: .00388 70%
T3: .005 118%
SL: .00194225
Daily volume: 1828 BTC
Comments and agrees greatly appreciated.
Thanks for your support.
Trade active
ETC holders. after a great start, we have had a few slow days. This is not a bad thing and I'll show you why. There has been very low volume over the last 48+ hours, yet, we the price is is mainly steady. The whales are playing a little shake n bake accumulation on the weak hands. What do I mean? See the yellow support lines on the chart. So, just when it looks like support is strong and it is safe to enter, they sell off a little to drop the price 3-5%. This allows them to accumulate more coins at a discount. As you can see each time this happened, the price immediately goes back up to the previous support line. Overall I feel great about holding ETC for future profits.Trade active
Up 11% from buy in price, this trade is still active and looking good. The chart has a nice ascending triangle formation, I believe it's just a matter of time before we see a breakout past June 21st high price.
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