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

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
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t.me/masteranandatrades/6172
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lamatrades.com (Since 2017)
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🚨 FREE PREMIUM Trades + Top Results
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.