ETCBTC- ETCBTC in its last run topped around 0.0058 and retraced to nearly 0.0029 (down 50%) for a healthy correction.
- Ever since there has been huge accumulation between 0.0030 and 0.0035.
- In the last 24 hours, we have noticed a breakout from its 'perfect' descending triangle formation and is expected to zoom past its previous high of 0.0058.
- Thus from current levels you can see even a 100% return in short to medium term. Stay Invested and avoid trading in ETCBTC pair !
Short term target 0.0060
place a stop at 0.0029
Earlier predictions on
ETC :
Trade active
Woah ! That was spectacular... 100% returns in 5 days !For 'safe' traders I would recommend booking 50% and encashing it. BTCUSD is insanely overbought and can plummet anytime before further rise. This will/might bring down ETCUSD pair by 20% from wherever it falls. The 50% cash which you will have can be used to reenter once
High risk takers and long term investors. Hold on tightly. The ride is just about to begin...
My next target is $24 in short to medium term. [i.e. only if BTC behaves:) ]
Cheers!
Karthik
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.