Ethereum Classic ETC is looking really good on the daily timeframe.
Let's focus on the obvious: We have the classic falling wedge pattern, which eventually will be broken. Now I like the spot ETC is currently in. We have these two supporting trendlines, at which we could see some volume flowing back into ETC.
I'm short-term bearish as I expect ETC to dip below $30 and in a worst case scenario find support around $25-27.5.
Once the price breaks through the upside of the falling wedge, we can position ourselves to take a long trade towards > $40.
Let's see how this plays out.
Thanks for your support.
Have a good one.
Let's focus on the obvious: We have the classic falling wedge pattern, which eventually will be broken. Now I like the spot ETC is currently in. We have these two supporting trendlines, at which we could see some volume flowing back into ETC.
I'm short-term bearish as I expect ETC to dip below $30 and in a worst case scenario find support around $25-27.5.
Once the price breaks through the upside of the falling wedge, we can position ourselves to take a long trade towards > $40.
Let's see how this plays out.
Thanks for your support.
Have a good one.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.