ETC: Is This Gartley Setting Up a Reversal?
Ethereum Classic is sitting in an interesting spot. We have a bullish Gartley pattern developing near the $7 area, and at the same time, RSI is showing bullish divergence — price is making lower lows while momentum is starting to improve.
But there’s one level I’m watching very closely: the yellow trendline.
That trendline has been acting as a major barrier on the way down. A clean break and hold above the yellow trendline would give this setup much stronger confirmation that the trend may finally be changing.
Key Levels
Entry Zone: $7.00–$7.50
Invalidation: Below $3
Targets:
$39 → $85 → $250 → $1,250
For me, the Gartley and bullish divergence make this interesting, but the yellow trendline is the confirmation I really want to see broken.
If ETC can reclaim that line, things could get very interesting.
source https://www.tradingview.com/chart/ETCUSD/NwyqC2uk-ETC-Is-This-Gartley-Setting-Up-a-Reversal/
No comments:
Post a Comment