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Ethereum Classic / Tether USD
Updated

ETC - SECOND WAVE POSSIBLE

218
etc looks bullish, second wave possible.
i think the price could bounce from one of these three levels.
Note
we have lost volume and momentum.
so i would say we must wait one day for breakout.
snapshot
Note
first checkpoint around 17.9 passed
snapshot
Note
second "checkpoint" around ~15.8 reached
snapshot
Note
we reached our last "ceckpoint" around 17.0 but the btc dump was harder than expected. now we need patience and don't forget your stop loss.
snapshot
Note
have a look at the blue dotted lines, price forms a falling wedge.
this pattern is generally bullish and signals a possible reverse of the trend.
we could see a price break upwards through the wedge.

but keep in mind, we need an stable btc (above 2.100) for this scenario.

snapshot
indisguise
Chart PatternsetcETCUSDTethereumclassicTrend Analysis

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Chart PatternsetcETCUSDTethereumclassicTrend Analysis
indisguise

Related publications

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.