Ethereum ClassicLong
✴️ Ethereum Classic Ultra Strong Bullish Potential ($65 Next?)
We have a situation here similar to what we saw with Cardano.
Ethereum Classic hit a lower low when we look at the candles wick in June 2023 vs June 2022 but a higher low when we look at the candle close.
The candle close is many times more important/relevant when it comes to TA.
A higher high is more valid than a lower low, in this case but we consider both.
The fact that the low was just a wick is a bullish signal. Bears/sellers sold everything but it was quickly bought.
We were talking about EMA100 and comparing it to last year, obviously, EMA100 failed as support and ETCUSD has been trading below it.
Since it peaked in August 2022, we have gone through a massive correction phase.
All the people that had to sell sold.
All those people who had doubt are gone.
With such a long correction, weak hands exist no more.
It is easy/safe to buy now expecting long-term growth.
Once we hit bottom, the only place left to go is up.
The next wave can go higher than August 2022, meaning $65+... We will see how it goes!
This is not financial advice.
I am sharing my opinions and experience. I am not responsible for your actions.
Thank you for reading.
And thank you for your continued support.
Namaste.
Ethereum Classic hit a lower low when we look at the candles wick in June 2023 vs June 2022 but a higher low when we look at the candle close.
The candle close is many times more important/relevant when it comes to TA.
A higher high is more valid than a lower low, in this case but we consider both.
The fact that the low was just a wick is a bullish signal. Bears/sellers sold everything but it was quickly bought.
We were talking about EMA100 and comparing it to last year, obviously, EMA100 failed as support and ETCUSD has been trading below it.
Since it peaked in August 2022, we have gone through a massive correction phase.
All the people that had to sell sold.
All those people who had doubt are gone.
With such a long correction, weak hands exist no more.
It is easy/safe to buy now expecting long-term growth.
Once we hit bottom, the only place left to go is up.
The next wave can go higher than August 2022, meaning $65+... We will see how it goes!
This is not financial advice.
I am sharing my opinions and experience. I am not responsible for your actions.
Thank you for reading.
And thank you for your continued support.
Namaste.
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lamatrades.com (Since 2017)
🏆 Results: t.me/alansantana1111/5935
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
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