Possible another leg up for ETC but classical bearish divergence spotted. still quite many days to ETC.
Crucial point for another leg up: ETC needs to push through previous high- 0.00302242 (Pink price ticker) -Possible targets identified with green ticker where pull back could happen if we dont go through resistance (pink price ticker mark) - Spinner candle potential sign for trend reversal on 2h chart
Indicators: CCI: needs to have reversal (bounce from 0 --> green arrow) to have a chance to og up MACD: showing potential divergence if there is no bounce RSI: bearish divergence verified on RSI.
While There is still quite some time till airdrop comes..I assume we will have pull back eventually before we really start to go.
Orange prices represent possible bounce zones if pull back indeed happens and are established on historical bases (fibs) of previous runs. There is a possible potential for a price to establish H&S in next few days and if the neck line will not provide support the height of the head to the neck line represents a potential drop down distance from the neck line...which will also bounce inside red zone.
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1st short term target reached @ 0.00316219
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Pink price ticker could serve as a support if pull back happens
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Watch out for the candle at 9:00 candle. Could mean pull back if we do nto get volume in. This is also resistance zone on historical chart from 28.11 @ 9:00 and 14.1. @7:00
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Currently we are at first heavy historical resistance. if we can go through it 0.0035 will be next challenge which is also psychological resistance
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All targets reached for short term.
Trade geschlossen: Ziel wurde erreicht
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Short term targets reached. It looks like it has found possible support @ 261.80% but have in mind that it is still in parabolic state.
Thanks Animus, but i can t open the chart. I see the chart in the comments, but can t open. I m very scary now about that drop. What you think? Regards
JoaoMaia
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I don t find that 4h chart you have posted in here at the mid day when you have alert me fpr the next update do you think is possible go down mor
Hello friend, your last update has been deleted? I cannot find the last 2 updates. Thanks for advise me.
Regards
AnimusTheGreat
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@JoaoMaia, yeah it was just a 2h update after the flag broke out to the top and pennant started to form. It was posted as private thats why i deleted it. Otherwise check the latest updates on 4h chart etc btc i posted and Daily
avxkim
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Price 0.00341 btc now, what to do further? When we can rebuy?
AnimusTheGreat
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@avxkim, Depends what you want to do with ETC is it a short term trade or a long term trade.
as you see now is at the heavy resistance from the past so it could be that small pull back is coming. For me I am not planning to buy or sell anything but if I would be looking at would be by placing buy orders at fib levels.
AnimusTheGreat
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@avxkim, Have in mind also that all the levels are moving to overbought on daily so if the pull back happens it will happen soon i guess...we still have 22 days till fork