HiTech
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Ethereum Classic Up To $80?

POLONIEX:ETCUSD   古典以太坊 / 美元
Following the previous idea on Ethereum             Classic, after testing the 161.8% resistance it corrected down towards the uptrend trendline . The downtrend trendline has been rejected, then 127.2% Fibs and then 161.8% Fibs, all were rejected and ETC/USD produced a new all-time high.

Higher highs and higher lows pattern remain and price action suggests the continuation of the uptrend. However, both support levels must be watched for a potential breakout which could add another corrective wave down. And only break below the 200 Moving Average could invalidate bullish outlook.

The upside target is seen around $70. The first target is 427.2% Fibs at $72 and second is 461.8% Fibs at $77. At this point, the uptrend momentum could accelerate and the upside target should be reached in the shortest timeframe.
評論: Still expecting the uptrend
評論: support rejected
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Is this analysis still valid?
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HiTech PRO Rockafella2209
@Rockafella2209, of course
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@HiTech, thank you for the quick answer. and how long do you think it will take to get there?
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HiTech PRO Rockafella2209
@Rockafella2209, week or two
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Jesus whats this technical :|
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@emento, you need to be patient
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RSI and MACD are starting to recover very nice, 2hr chart shows progress. ETC could very well go back to $35
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HiTech PRO BankofEngland
@BankofEngland, most likely
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Would it still be an okay buy at these levels?
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HiTech PRO simplyeric
@simplyeric, better et smth else, as it lowest probability trade setup, although should work out pretty good
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