Hello everyone today i'm going analysis ETC/USDT pair
1)In my previous analysis ETC formed Inverse H&S and ETC must hit $45 price level, and soon
ETC will hit $45 level you can take some TP if you wanna at $45 level range,but in this analysis we look ETC other way, so let's see what we have.
2)ETC have nice Consolidation range at $24-$34,and we can call it Trading Range Bottoms also.
3)ETC had Resistance level at $34 approximately, now ETC breakout from $34 level with high Spike Volume, this Volume confirmed ETC breakout, now previous Resistance level converted to Support level, ETC have now acting support level at $34 price range level.
4)Now ETC can easily hit $70 level approximately because we don't have any Resistance level until hit $70 Resistance level.
5)We also use Alligator indicator in ETC chart,now price is above Alligator lines its Bullish signal
6)We can see Alligator Green line crossing in to Red and Blue lines,and Red line moving upward and crossing in to Blue line,and Blue line is now below Green and Red line, and now Blue line following direction of Green and Red lines, that's mean Alligator is opened his Jaw started hunting upwards trend.
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1)In my previous analysis ETC formed Inverse H&S and ETC must hit $45 price level, and soon
ETC will hit $45 level you can take some TP if you wanna at $45 level range,but in this analysis we look ETC other way, so let's see what we have.
2)ETC have nice Consolidation range at $24-$34,and we can call it Trading Range Bottoms also.
3)ETC had Resistance level at $34 approximately, now ETC breakout from $34 level with high Spike Volume, this Volume confirmed ETC breakout, now previous Resistance level converted to Support level, ETC have now acting support level at $34 price range level.
4)Now ETC can easily hit $70 level approximately because we don't have any Resistance level until hit $70 Resistance level.
5)We also use Alligator indicator in ETC chart,now price is above Alligator lines its Bullish signal
6)We can see Alligator Green line crossing in to Red and Blue lines,and Red line moving upward and crossing in to Blue line,and Blue line is now below Green and Red line, and now Blue line following direction of Green and Red lines, that's mean Alligator is opened his Jaw started hunting upwards trend.
If you like my analysis like and subscribe me)))
