Ether Classic Intermediate Term


This is a bonus as we have too many bearish or questionable counts in the top 10. Ether Classic was one of our strongest trades in the service in 2017. That move culminated in a large five wave move. So, I am a long term bull above $1.74. My questions lie in recent price movement. On Coinbase we broke to new lows below the 2018 low. On Binance, we did not, I have an issue with this recent run up as it ran through the .764 extension on the daily/weekly without a clear five up. Generally that is a bearish signal. But as long as we hold over $7.07 in corrective fashion, we may be in the red count, moving directly toward $43 next, and potentially to $678, third of the third over the next two years. But I cannot emphasize how important that $7.07 level is. It can warn of a drop back below our recent lows and potentially a drop to $1.74. 

ETCBTC may be trying for five up as shown and I need to see it hold .X8473 and see one more wave. If that five up is completed and it hold $7.07 on the USD chart, I will consider including ETC in my tradeplan. 

ETCUSD - Primary Analysis - Jan-21 1018 AM (1 day)
ETCUSD - Primary Analysis - Jan-21 1018 AM (1 day)
Screen Shot 2020-01-21 at 10.25.25 AM
Screen Shot 2020-01-21 at 10.25.25 AM
Ryan Wilday hosts the Crypto Waves service on ElliottWaveTrader.net.


  Matched
x