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Hey friends this is a for Val and welcome to the new update on ethereum classic ethereum classic is trying to break out a very big falling wedge pattern on the 7 Days time frame chart for the past sval weeks you can see it is struggling to break it out and before
That it had has also broken out this down Channel as well and in today’s video we will once again analyze this move but before starting this analysis if you are not subscribed to my channel then do subscribe it and for more trading signals you can also join me and
Support me as a YouTube member or as a patreon member because there I’m sharing different trading signal for you and you can find a link to join me there in the video description I’ve shared and if you would like to see how my trading signals works and I’ve also share the link for
The trading signal report for the current month of December 2023 in the video’s description you just need to open that report and if you would like to check or verify any trading signal like this the trade setup of Bakery just need to click on the link for the trade
Setup and it will take you to the trading views chart and on this chart you can watch the complete trade setup like this B the buying range and this B the sell Targets on and this was the stop loss and you can also watch when I share this trade signal like in this
Case I shared on 20th of December and in order to see how the price and moved after sharing this signal you need to click this play button and in order to use this option to click this button you need at least a free account on the
Trading view if you don’t have then you can create one using the link I’ve shared in the description of this video now I’m going to click this button and you can see it is showing us that the price nicely moved up from the buying on and rallied beyond the sell Target on
Now let me to take you to the live chart of uh ethereum classic and this is the 7 Days time frame chart and previously we have been following different breakouts from different uh falling wadges first it broke out this badge but got rejected by this quite long-term resistance off a
Very big falling wge pattern you can see previously we got uh already we got rejected several times like we got rejection here and for several times here and here as well and after the breakout from this vet we once again got rejected here and formed another falling wedge pattern and after testing this
Quite longterm support on that starts from $1450 and goes to $12.50 you can see we also formed a double bottom here as well this was the first bottom this was the second bottom then we broke out the veg and ried very well and again got rejected by this
Long-term resistance of the falling wge pattern then we again formed another falling wge pattern but this time the price and got stuck inside in another down Channel and after moving inside this channel finally here a few weeks ago we have broken out the resistance and now the previous resistance of the
Channel is working as a support and uh it is moving between this previous resistance of the channel and the resistance of this bigger falling wed pattern as well so the target for this uh breakout from this recent down channel is here at the top of the channel that is approximately at $25
Where we have a quite long-term resistance as well and therefore now there is a probability that the price May soon break out this very big falling wedge pattern as well and then we can expect a very very massive rally and the target for this previous falling wedge
Pattern breakout is here at the top of the wet for the smaller falling wedge pattern and that is approximately at $42 and the target for this bigger falling wedge pattern is here at the top of the wed that will be approximately at $85 and the final Target for this previous breakout from
This big wedge pattern another Ved that was first broken out here in the month of uh March 2022 and that move can be here at the top of the Ved that is approximately between $180 to $200 this was the update so far I hope that you have like the analysis
Then do hit the like and do subscribe to the channel as well and for more trading signals you can also join me and support me as a YouTube member or a p on member because there I’m sharing different trading signals for you and you can find
The link to join me there in the videos description I’ve shared take care goodbye