After having a look at the Ethereum classic chart on a daily and 4-hour timeframe, I saw a familiar pattern.
7 out of 10 times that such a pattern is formed on
ETCUSDT, it makes a bullish movement.
Now, let us see how this will unfold. I am going to open a long position, but you may wait for confirmation.
Confirmation is when it breaks out of the downtrend and a green candle closes above the trendline.
What are your thoughts about this analysis? Let me know in the comment box
If this analysis makes sense to you, kindly follow me now and support this idea.
I will keep updating you all.
Cheers!
7 out of 10 times that such a pattern is formed on
ETCUSDT, it makes a bullish movement.Now, let us see how this will unfold. I am going to open a long position, but you may wait for confirmation.
Confirmation is when it breaks out of the downtrend and a green candle closes above the trendline.
What are your thoughts about this analysis? Let me know in the comment box
If this analysis makes sense to you, kindly follow me now and support this idea.
I will keep updating you all.
Cheers!
Trade active
Let us see how far it will go. Manage your risk
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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.
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.