Ethereum Classic Inverse Head & Shoulders Pattern (45% Target)

16 lug 2022

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.

19 lug 2022

Nota

So far ETCBTC has grown by 50% since sharing this trade idea.

28 lug 2022

Trade chiuso: obiettivo raggiunto