ETH/BTC Bounce off accumulation zone. For the past 2 years the ETH/BTC pair has been slaughter. Even though this was during the most prominent bear market in the short history of cryptocurrencies, Ethereum's demise seamed to be disproportionate. ETH/BTC is now trading just below a longterm area of support (green zone). It also seems to be bouncing off its original accumulation zone from early 2016 (blue zone). These factors set the pair up as a prime candidate for bottom picking. Downside risk remains low given the original accumulation zone that is being tested, and a bounce back into the .024 - .026 (green) zone would yield 20%+ profit. Keep an eye on it!
Happy Trading!
Etcbtc
ETC at solid supportHi guys. I feel BTC finally stopped and let big cap alts recover. Samll cap alts will pump like popcorm soon as well.
Ethereum Classic is a good one with good fundamentals and it found solid support at 880. And it is extremely oversold now. So good chances to get to ~930 as a first target here.
Daily ETH/USD forecast timing analysis by Supply-Demand strength24-Jun KRAKEN:ETHUSD
Investing strategies by pretiming
Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk
Supply-Demand(S&D) strength Trend Analysis: About to begin an adjustment trend as a upward trend gradually gives way to a slowdown in rises and falling fluctuations
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
View a Forecast Candlestick Shape Analysis of 10 days in the future: www.pretiming.com
(You can easily create a trading plan.)
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 0.2% (HIGH) ~ -2.0% (LOW), -1.1% (CLOSE)
%AVG in case of rising: 5.2% (HIGH) ~ -1.6% (LOW), 4.0% (CLOSE)
%AVG in case of falling: 2.6% (HIGH) ~ -3.9% (LOW), -1.2% (CLOSE)
Price Forecast Timing Criteria: Price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
W bottom And volume surge on $ETCUSDW bottom and volume surge indicates parabolic upswing. Always set stop losses!
Happy Monday all = [
**DISCLAIMER:
This is not financial advice. These are speculative market projections strictly for entertainment and educational purposes. Please invest wisely & not a penny more than you can afford to lose! With that being said have a wonderful day!
Safe trading everybody
- m.T
$ETC Retesting support level at 101k sats after the breakout...$ETC Retesting support level at 101k sats after the breakout from IH&S pattern...
Bouncing from this level is key if we are looking for new local highs...
Volume is decreasing so sell pressure could be exhausted..
UCTS Buy signal is still active on the daily chart
#ETC