ETH Expected breakout soon, pattern identified, target 45-50
Ethereum classic has been in an uptrend for a while and there seems to be a repeating pattern.
Strong support at the $9.75 line indicated a reversal of the downtrend while a 30 degree uptrend line holds steady.
The boxes indicate repetitions I have identified and we seem to be approaching the end of a pennant.
Target is $50 on Dec 10-12, but I will set my sell order at 45 just to be safe. Still going to be a solid gain.
Strong support at the $9.75 line indicated a reversal of the downtrend while a 30 degree uptrend line holds steady.
The boxes indicate repetitions I have identified and we seem to be approaching the end of a pennant.
Target is $50 on Dec 10-12, but I will set my sell order at 45 just to be safe. Still going to be a solid gain.
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