✴️Ethereum Classic Will Also Recover (222% Possible Higher high)

Volume is one of the strongest indicator and can help you clear any doubts.

Ethereum Classic (ETCUSD) hit a higher low compared to June (5 months ago) but how to know if it will recover here or continue lower?

Here we use the volume indicator.

Notice how trading volume continues to diminish, it goes lower and lower.
That's your signal.

It means the current trend is losing strength.
Since the mid-term trend is bearish, as it loses strength things can turn and ETCUSD reverse.

Higher lows can lead to higher highs.
Over 222% possible on a higher high.

Easy 50% to 80%+ on a bounce.

You still need a plan to trade and your own research.

The support levels are marked with blue on the chart and can be used as a stop-loss.

These analyzes are not intended as financial advice.

Thank you for reading.

Remember to boost 🚀

Namaste.

評論:

Dec. 20, 2022 "Easy 50% to 80%+ on a bounce."

The bounce produced 58% but there is more... This is just the bounce, we are yet to see the full bullish wave.