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Ethereumclassic

Nearing end of correction, long play in sightAfter 3 weeks of sitting out and waiting to hit target buy zone, we are almost there. Trend-line support on the 5-year log is just above $7,600, and rising, 61.8% fib retracement sits at $8,250. Again, per my research, no Bitcoin rally has retraced less than 64%, ever, so I'm still eyeing that buy-wall around $8,000. $7,950 is my target strike price, but I will watch price action as we get near we may go lower, we may not break $8,000, we may tap $7,800 or so. I will let the chart tell me when the reversal happens. RSI at 40 and falling, on the daily. Will be eyeing RSI of 30 near bottom. MACD, after almost signalling a bullish cross-over is diverging and showing weakness again. I believe this is the 1st & 2nd wave of a 1,2,3,4,5 Elliot Wave pump for 2020 and the next one, wave 3, is going to be a solid rally. As always, look for Tether injections, as rallys have always happened immediately after they occur. Curious to see how this reversal develops. Will we get a big inverse head-and-shoulders from bottom? Or will we go sideways until we use the 5-year log support line to drive us up? Or, maybe, we fall through trend-line support and we're back to $6,000 in a month or two. This last possibility I highly doubt, but definitely cannot rule it out, anything is possible. Will be layering in my buys, aggressively, and posting updates along the way.
BITFINEX:BTCUSD
by GunMoney
3
ETC/BTC Bearish TimeHello Traders, Today i am gonna be doing a quick analyses about Ethereum Classic, for this asset we have a big uptrend moviment, and now the bears held control of the price, we lost wall the fibonnacci Retracement levels, we dont have any bulls defence, and now the price is acumuting on it seens to be a Bearish Rectangule, the last chance to make the price have uptrend moviment is remaing above the 0.03828 level, if we lost this level, the price will go back to test the important support line. Please support this publication with your like. You are welcome to follow us on the Tradingview. Best regard Sandro and Gustavo.
Short
by MarketMinds