Ethereum classic (ETC) have the most clear chart!

Today is the turn of my favorite altcoin. Ethereum classic have the most understandable Elliott wave structure.


Hello, everyone!

Today is the turn of my favorite altcoin. Ethereum classic have the most understandable Elliott wave structure. Last time I entered short position at $44 when the insane short have been flashed with the MACD bearish divergence. Now it does not matter, but the price have already flashed the insane long and I am going to show you my thoughts about mid-tern price action.

When the crypto market touched it’s previous bottom and formed the bullish rally ETCUSDT showed the incredible pump which had the clear 5-waves Elliott structure. The wave 5 have been detected using bearish divergence with the MACD. After the the ETC started the 5-waves cycle to the downside and we can see that the MACD have already formed bullish divergence on the 1D timeframe. I think that it was the wave 5 finish inside wave 3. Now we can expect wave 4 – it is not the market reversal, but we can catch the bounce. We also can define the clear target for the pump – 0.618 Fibonacci retracement level. Also there are a lot of liquidity of short traders which has to be collected before the new dump.

Best regards, Ivan

Trade easy with Smart tools

Utilize AI-enhanced SmartBot for automated decisions and SmartTrade terminal for tailored manual trades, all in one integrated platform.

Similar blog posts

Skyrexio x Bybit are hosting a 30-day trading showdown. Top 30 traders take home the prize! How to Participate: 1️⃣ Register for Skyrexio x Bybit trading competition2️⃣ Trade using Skyrexio.com

Skyrexio is a leading non-custodial crypto trading platform and official broker for major exchanges announces the full integration with Crypto.com. With this partnership, Crypto.com users can now access all of

Skyrexio has integrated with Bybit to help users automate trading and simplify strategy execution across exchanges. Bybit users now have access to Alert Bots for automated TradingView alerts or custom

In this article you will learn how to combine Awesome Oscillator and Acceleration/Deceleration indicator in conjunction to have the trading zone for aggressive decisions.
Hello! Our COO Dmitry Efremov visited Token 2049 in Singapore! Here is the overview of key events there!
In this article you will learn how to use Acceleration / Deceleration indicator in your trading.