AlanSantana

Ethereum Classic Long-Term | Analysis + 700%+ Fib. Targets

Long
POLONIEX:ETCBTC   Ethereum Classic / Bitcoin
It's been a while since we took a look at Ethereum Classic, a very strong project.

Right now we are looking at the long-term chart on Poloniex for ETCBTC ( weekly timeframe )
  • Here we have the classic break of EMA10 after a new low was hit and later tested and support. This simple move can signal the beginning of a new uptrend.

Chart:
When we look at Ethereum Classic (ETCBTC) closer, the daily timeframe , we can spot the following signals
  • Strong break of EMA100.
  • MA200 challenged and broken. The confirmation comes after daily candle closure in ~1H.
  • Higher low and bullish indicators ( MACD and RSI ).
  • Increasing bull/green volume .

Remember to always have a plan just in case things don't go your way.

This is another bullish altcoin that will start moving strongly in Q1 2020 and beyond.

Thanks a lot for reading.
Thanks a lot for your continued support.

Namaste.

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Related Ideas

Comments

Would it retest it’s current level on its way up?
Reply
AlanSantana LarryHoover
@LarryHoover, Yes, normally all levels are retested, specially MA200 which is a very strong one.
Reply
LarryHoover LarryHoover
I see. Thanks for the update.
Reply
LarryHoover LarryHoover
I’m looking to buy when it comes back to git that level. I don’t have coins now.
Reply
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