Price sharply oncoming to the level without range and kickbacks. A good signal in the price movement will be:
1. The closing price of the next day's candle is higher than the High of the previous day"s candle.
2. Candles have short shadows.
3. The price moves inside the channel, quickly overcoming the distance from High to Low of the channel.
4. The price has left...
ETHUSDT is printing a descending triangle pattern on a weekly timeframe.
Price is testing the pattern inclined resistance.
We could see a breakout above the inclined resistance ⬆️ or a rejection of the inclined resistance ⬇️.
At the beginning of 5th Wave Impulse here. Fibonacci levels for goals and expected time for completion. Invalidated if we drop below start of fractal. I will be watching this space carefully and modifying goals, as the market action unfolds.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (6.35). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ETCUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
....
Hello, Traders!
Monfex is at your service and today we overview ETC/USD.
For now Ethereum Classic has the bearish divergence with RSI that can tell us about nearest target - the support zone.
First scenario:
After reach the support zone ETC will bounce up from it and break the resistance line with goal of ex-support line and MA200 also will be there....
ETC/USD looks like its completed its 3rd & 4th large degree wave, and is ready for one more leg up to complete the 5th.
if you've found this useful, feel free to donate. thanks.
BTC: 1LCayhGfdzsNP9M5227LyE28FKed4thEsB
LTC: LaPLQ6JoiqrxYED9FBNVphyApAhpW4Yw3R
ETH: 0x1Ec59747Ff307FaA71de070A3914e9afFbac7424
Technical analysis:
. ETHEREUMCLASSIC/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
Trading suggestion:
. Price is in the support zone (14.0 to 12.0), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term...
Technical analysis:
. ETHEREUMCLASSIC/DOLLAR is in a range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 48.
Trading suggestion:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested...
Technical analysis:
. ETHEREUMCLASSIC/DOLLAR is in a Range Bound and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (17.0 to 13.0). if so, traders can set orders based on...
