ETC has a similar structure with all other majors (usd pairs) after the bounce.
There is one difference though, its previous price action its way more different and there is a chance that it has completed the correction from ATH.
Currently channeling on a double zigzag combo which may even turn into a triple one depending on Bitcoin direction.
Short term bias: Bullish (with a chance of deeper retracement)
Oscillators bias: Bullish ( points to a bounce soon (TM) )
Technical bias: Bullish (Potential truncation ending the correction, very clear 5 waves up, reaction on the 0.65, sell volume declining)
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There is one difference though, its previous price action its way more different and there is a chance that it has completed the correction from ATH.
Currently channeling on a double zigzag combo which may even turn into a triple one depending on Bitcoin direction.
Short term bias: Bullish (with a chance of deeper retracement)
Oscillators bias: Bullish ( points to a bounce soon (TM) )
Technical bias: Bullish (Potential truncation ending the correction, very clear 5 waves up, reaction on the 0.65, sell volume declining)
Zoom out:
Zoom in:
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Closing manually with a loss. I have no idea what its doing but it looks like some kind of 4th wave like everything else.
Look for a reaction at the .887
Look for a reaction at the .887
