Ethereum Classic | ETC Falling Wedge Indicating Potential For Gr
Ethereum Classic ETC is looking really good on the daily timeframe.
Let's focus on the obvious: We have the classic falling wedge pattern, which eventually will be broken. Now I like the spot ETC is currently in. We have these two supporting trendlines, at which we could see some volume flowing back into ETC.
I'm short-term bearish as I expect ETC to dip below $30 and in a worst case scenario find support around $25-27.5.
Once the price breaks through the upside of the falling wedge, we can position ourselves to take a long trade towards > $40.
Let's see how this plays out.
Thanks for your support.
Have a good one.
Let's focus on the obvious: We have the classic falling wedge pattern, which eventually will be broken. Now I like the spot ETC is currently in. We have these two supporting trendlines, at which we could see some volume flowing back into ETC.
I'm short-term bearish as I expect ETC to dip below $30 and in a worst case scenario find support around $25-27.5.
Once the price breaks through the upside of the falling wedge, we can position ourselves to take a long trade towards > $40.
Let's see how this plays out.
Thanks for your support.
Have a good one.