I think a cup and handle might be forming. There is a support slope line on which ETC lays, the upward movement is steady and a run for the hills should be coming soon.
Etc in buy region. Possible upcoming inverted H&S pattern.
Currently, the course seems to be in a sideways movement between 13.09 and 17.00. A few hours ago, it has been broken down by a long-term downward trend and a strong support will be touched in the near future. I think that the course moves to the resistance at 19.48
For all they are long with ETC like me: the uptrend might be firm. So I see these next steps 23 to 28 to 35 USD. A maximum correction could be 14.50 / 15 USD. So I see an additional buying opportunity for all others at the moment also with a short-term target of 22 USD. Let's see what happens. Happy trading.
I came to the realization that ETCEUR potentially offers us more upside than $ETHEUR, once both trigger a new T@M uptrend signal, probably by the end of the month. According to my projections, $ETCEUR could go as high as roughly 210 Euros within 10 weeks, after breaking a previous week high, during the week starting on July 31st. My reccomendation is to hold off...
$ETCETH implies that $ETC will outperform $ETH to the tune of 200%, give or take. By this week's close, we will trigger a 14 week rally, the daily chart is already in a strong uptrend here, just taking off. I added to my $ETC position, now holding a half position, and waiting to add some more on dips, after making some more progress. I think this is an interesting...
The decision point is getting closer and closer. I also see a wedge. So be watchful. Do not get in too early! Let's see what happens. Happy trading. :-)
Pretty extended, dont chase, but great history of HVF Methods continuations being made
ETCEUR long ETCEUR Correcting.. After breakout target 3.25 www.tradingview.com
Watching for a massive for after this insane move. It looks way overextended, $2.20's look like a good reversal area. Managing risk with a SL & TP in logical areas. Hope everyone finds use to this idea, I swear I can already see the pull back down below 1.69