Ether Classic (ETC): Bullish Pattern Could Target $59.87

SUMMARY

This Inverted Bullish Head & Shoulders pattern is quite uncanny. What's exciting is that the pattern is complete and confirmed! Price has breached the Neck LIne! I've used the minimum price run to show a potential for $59.87

Beautiful textbook impulse wave showing a near completion of what could be the first of many leg ups. IF the abc red waves mark the correction completion, then we could expect a minor abc retracement.

That retracement usually goes to prior wave 4 and it could look like this chart. Even into this minor correction, many will think the end is near and panic sell. However, having the awareness of longer term perspective will allow one to see the forest from the trees.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It shoud not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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