Ethereum Classic Inverse Head & Shoulders Pattern (45% Target)
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We looked at this pair recently and just today we are having a bullish breakout.
The Altcoins vs Bitcoin pairs normally correct when Bitcoin breaksout but I guess the bear market has been so strong that everything wants to grow...
Not really, Ethereum Classic (ETCBTC) is an exception... Let's read the chart.
We have a break above all EMAs today including MA200.
(EMA10, EMA21, EMA50, EMA100 and MA200.)
We have a volume breakout and the RSI went through the roof.
Easy peasy...
The daily candle closes in just a few minutes which confirms MA200 being conquered.
This can lead to higher prices.
Namaste.
The Altcoins vs Bitcoin pairs normally correct when Bitcoin breaksout but I guess the bear market has been so strong that everything wants to grow...
Not really, Ethereum Classic (ETCBTC) is an exception... Let's read the chart.
We have a break above all EMAs today including MA200.
(EMA10, EMA21, EMA50, EMA100 and MA200.)
We have a volume breakout and the RSI went through the roof.
Easy peasy...
The daily candle closes in just a few minutes which confirms MA200 being conquered.
This can lead to higher prices.
Namaste.
Nota
So far ETCBTC has grown by 50% since sharing this trade idea.Trade chiuso: obiettivo raggiunto
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lamatrades.com (Since 2017)
🏆 Results: t.me/alansantana1111/5935
🥇XRP +1950 🥇ADA +2216% 🥇AVA +536% 🥇AAVE +417%
t.me/alansantanatrades/971
🔝 Cryptocurrency Technical Analysis
followalan.com
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