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2ndentry

Ethereum Classic . Still On. [200%+ Profits Opportunity]The past 4 days was one of the sweetest for both ETC holders and the developing team. By default this reversal trend which happened on the past 4 days was actually expected as we earlier, in mid June, reported on our telegram channel that Coinbase was planning to list ETC and that it would be a very good opportunity for the coins holders. But most crypto traders didn't give much attention on the listing and didn't expect the coin to show this much progress specially because of the overall current market situation. As we have seen its reversal move though, ETC touched the 50% retracement level at around 296k sats. By this the wave which started to make a progress showed a very well volume backed up move. At this point the 1D chart showing that it needs a consolidation and will show us some correctional waves upto the 23.6% fib retracement level and will most likely start its 3rd wave creation towards the 78.6% level if volume keep moving like it did for the past days since the tweet from the Coinbase team. Therefore we expect some correctional moves for short term investment. But the weekly chart really looks like fine and a great opportunity for a longer term accumulation. Indicators that confirms the elliottwaves creation are mainly the volume is looking very good for the time being. RSI is at 69 which shows that the trading possibility needs some patience till the correction gets its bottom. Both the 50EMA and 89EMA are still below the price. Which actually showed some up moves while the price corrects. Fundamental reasons for long term accumulation signal is mainly the tweet that has been made by Coinbase on Friday which stated that "Our engineering team is beginning final testing of Ethereum Classic on Coinbase products. We expect final testing to be completed by Tuesday, August 7, at which point we expect to announce that we’re ready to accept inbound transfers of ETC.https://t.co/l7smcSY3q8 " on their twitter page. Accumulation Zone : 225000 sats - 245000 sats Stop Loss : 170000 sats Possible Targets T1 : 267900 sats T2 : 295200 sats T3 : 322500 sats T4 : 361400 sats T5 : 410900 sats Good Luck. Legal disclaimer: Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications. With Regards. TeamTWA.
Long
by cryptotalk_et
1
Reversal bar at the trend line, 2nd entry with bearish barSignal bar - Reversal bar at the trend line, 2nd entry with bearish bar Trend - Short term is very weak bullish, if you see big picture it is bearish. Strength (Shadows and Candle Size) - bearish bar with wick rejecting higher prices. bullish trend has been already weaken. Level (S/R, trend line short term trend line) - key resistance area and signal bar has formed king of double top. 2nd entry (2 leg pullback) - 2nd entry chance to enter on bearish engulfing bar. Breakout pullback - NA EMA - EMA is kind of flat. Both EMAs are moving through bars from last 2 swing up. Which indicates that bull trend has almost lost its strength. Reversal - Reversal bar at the trend line. DT/DB - Reversal bar has formed double top Congestion - 3 bars formed congestion. Retrenchment - NA Correlation with other pairs - NA Other time frame - NA
Short
by Yadnesh88