Mixed signals from ETC/USD
Updated
I had posted my primary count for Ethereum classic on the weekly frame earlier, which had it doing a big WXYXZ down.
I'm still holding onto that count but then this wedge breakout has me thinking otherwise. Impulsive indications from this descending wedge breakout is telling us that this might be start of an impulse up afterall. but nothing is for sure. we'll have to wait and watch how the price behaves near the potential top for this move up. Even then it'll be a bit difficult to tell if its an impulse or it'll go for a last leg down to complete a Z wave. Only after it bounces back from the bottom of the potential 2 , we can be sure about the exact count.
However, profit is profit whether its a 1 wave or X wave so i hope most traders out there will make the most out this opportunity.
break above my potential target for this move up would mean that it needs to be recounted.
I have provided the link to my ETC/USD primary below.
This is not a financial advice and just a picture of how i'm looking at it Don't trade on other people opinions.
I'm still holding onto that count but then this wedge breakout has me thinking otherwise. Impulsive indications from this descending wedge breakout is telling us that this might be start of an impulse up afterall. but nothing is for sure. we'll have to wait and watch how the price behaves near the potential top for this move up. Even then it'll be a bit difficult to tell if its an impulse or it'll go for a last leg down to complete a Z wave. Only after it bounces back from the bottom of the potential 2 , we can be sure about the exact count.
However, profit is profit whether its a 1 wave or X wave so i hope most traders out there will make the most out this opportunity.
break above my potential target for this move up would mean that it needs to be recounted.
I have provided the link to my ETC/USD primary below.
This is not a financial advice and just a picture of how i'm looking at it Don't trade on other people opinions.
Note
Note
This is what I'll be watching
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