ETC Ethereum Classic - Consolidation then Massive Breakout 85% Gains to T1 - $46.50 T2 - $60
JAN 13 8 PM CST UPDATE - Update Jan 13. Target was $46.50. We hit $46.311. Target successful.
Ethereum classic has been a sleep. If anything like the big brother, we can assume ETC is slightly lagging bad and is confirmed in the charts. We've seen an explosion from $10 to $400 for ETH in June/July, then another massive uptrend from $300 ranges to an all-time-high of $1,382. We've also seen ETC trail behind slowly, steadily crawling behind under everyone's nose and out of sight.
We can see a beautiful 5 wave structure that has formed within sub wave 3, where wave 4 is consolidating.
This is a very likely case to be interested near the support trend line and upon breakout at apex.
If this case holds, then we can see a possible 85% gain.
If that case doesn't hold, we move to a lower tier support range.
With up to a 124% gain.
Though with much anticipation regardless of the case, is that upon complete of this consolidation, we can see a huge breakout upwards to $60 for an 85% gain.
With entries and stops depending on where the support trendline holds.
Good luck everyone ---------
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I'm not a financial adviser, nor am I giving you any tips on when to buy, sell, etc. I'm simply stating my opinions and what I personally look for. Those that follow my trades blindly and don't understand risk management, will always lose over time. I manage risk differently. Not all trades are winners. We manage our risk with stop losses and win over time. Even if we've entered at a similar price, I can micro manage my risk, by shedding, adding, reducing, etc, but those calls aren't made. Therefore despite entering near the same price, I may come out well ahead while you may take a loss, even if we exit at the same price when the market goes against my call. Remember, I always profit OVER TIME, and am not focused on winning every single trade. As long as we win more than we lose over time. I want to be very clear so you understand the outcomes will always be different even if we take the same trade. I MANAGE RISK and see this game as a probability. Therefore, be forewarned.
Update Jan 13. Target was $46.50. We hit $46.311. Target successful.