Finally time for ETC?

I posted a chart about a month ago about the ETC chart looking like it's about to make a big move. However, I said the move was invalidated as I think I got my timing a bit off.

However, now looking at the chart again, it looks like it's about to make a massive move higher.

ETCUSD has been moving in a downtrend under the blue trendline since August 2021. Once it breaks that trendline (which it looks like could happen in a matter of days/weeks), it should make a huge move higher.

First target would be $67.9 and if it can flip that level, the next level would be in the $90s. 3x-5x move with limited downside here.

I'd set a stop under 20 if you were to take the trade.

評論:

Set a stop under $19.5 - sorry, for whatever reason trading view is turning anything with a dollar symbol into a link and it's really annoying.

評論:

If the lows hold here, chart looks constructive for upside.

評論:

Broke the trendline, and from a wyckoff standpoint, just had it's spring. Paying attention. PRobably a good place to enter.

評論:

Okay it's looking interesting, but I think maybe one more low that's the trigger.

I'd wait a week or two before getting an entry here.

評論:

Looking for an entry in the $13 range, if we get it.

評論:

Alright, ETC looking bullish on my pivot. Might be time...

評論:

$30 would be the initial target. TBD if it can go higher.

評論:

Do think BTC is about to drop to around $28k here which would bring down alts. So be careful. Could see a move after that happens. Or this won't be ready to move until August.

Two scenarios.

評論:

Leaning towards the latter idea (August/September timeframe). $13 again seems probable before higher.

評論:

Almost back to the $13 level. That's where a good buying opp should form