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ETC Short Term AnalysisWe might be headed back to retest the 67 line for a retest. On top of a double bottom which shows on the 4 HR, the 1 HR shows bullish momentum and a reverse head and shoulders pattern. Higher highs and higher lows are as bullish as you can get. Those will start to show in the bigger time frames. We are still bullish in the weekly. We need to recover the daily but that may time some time. If you want to see how it will get there..look at the previous pump to 67. It won't be like that, but it will be similar.
COINBASE:ETCUSDLong
by RobFuzzz
ETC 1D Global Picture: Where to Sell and Where to BuyYour attention is the global picture on the ETCUSDT chart At the end of last month, the Ethereum Classic price made a good x6 rally in less than two weeks , after which a correction phase began. Later, the corrective fall accelerated the fall of the entire crypto market. But there is also a positive point. The fall was aggressively bought out from the $40-50 zone , and this is essentially the absolute maximum in 2018, which could not be updated for 3 years. On daily candles, the ransom formed large shadows from below, and the candlestick bodies closed above the $47 level, testing the liquidity zone for strength. This alignment of events gives hope that the price of ETCUSD may rise again to the price range of $115-125 . In this area, you should cover the longs and look around. Since further there can be two scenarios: 1) Fixing the ETC price above $115-125 will give a chance to think about the next global target in the $260 area. 2) If the negative background continues to dominate on the crypto market, then it will be possible to place buckets for purchases in the $20-30 zone, because this is the next liquid zone, which is below $50. _____________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
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