Ethereum Classic is continuously pushing lower with lower lows and lower highs, pushed downwards by the white downtrend line formed at its ATH. It appears it is soon to break down to the historic demand zone demonstrated by the significant volume on the volume histogram on the right hand side around 0.0021 at the 0.618 fibonacci retracement line formed by the recent swing low/high. This line also coincides with a recently broken downtrend line who's break provided lots of upwards buying pressure, this will be expected to provide strong demand. Target is the at the 0.786 fib line formed by the ATH and recent lowest low.
Entry: 0.0021
Target: 0.008
Stop Loss: 0.0017
Entry: 0.0021
Target: 0.008
Stop Loss: 0.0017
Commentaire:
A bit more clear
Commentaire:
Buys filled, looking good
Commentaire:
Golden cross on the 1D chart, great opportunity/zone to buy and hold for the coming bull run.
Happy Trading.