Finally time for ETC?
Updated
I posted a chart about a month ago about the ETC chart looking like it's about to make a big move. However, I said the move was invalidated as I think I got my timing a bit off.
However, now looking at the chart again, it looks like it's about to make a massive move higher.
ETCUSD has been moving in a downtrend under the blue trendline since August 2021. Once it breaks that trendline (which it looks like could happen in a matter of days/weeks), it should make a huge move higher.
First target would be $67.9 and if it can flip that level, the next level would be in the 90s. 3x-5x move with limited downside here.
I'd set a stop under
20 if you were to take the trade.
However, now looking at the chart again, it looks like it's about to make a massive move higher.
ETCUSD has been moving in a downtrend under the blue trendline since August 2021. Once it breaks that trendline (which it looks like could happen in a matter of days/weeks), it should make a huge move higher.First target would be $67.9 and if it can flip that level, the next level would be in the 90s. 3x-5x move with limited downside here.
I'd set a stop under
20 if you were to take the trade.Comment
Set a stop under $19.5 - sorry, for whatever reason trading view is turning anything with a dollar symbol into a link and it's really annoying.Comment
If the lows hold here, chart looks constructive for upside.Comment
Broke the trendline, and from a wyckoff standpoint, just had it's spring. Paying attention. PRobably a good place to enter.Comment
Okay it's looking interesting, but I think maybe one more low that's the trigger.I'd wait a week or two before getting an entry here.
Comment
Looking for an entry in the $13 range, if we get it.Comment
Alright, ETC looking bullish on my pivot. Might be time...Comment
$30 would be the initial target. TBD if it can go higher.Comment
Do think BTC is about to drop to around 28k here which would bring down alts. So be careful. Could see a move after that happens. Or this won't be ready to move until August. Two scenarios.
Comment
Leaning towards the latter idea (August/September timeframe). $13 again seems probable before higher.Comment
Almost back to the $13 level. That's where a good buying opp should form
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