ETC Trading Scenarii
Updated
As explained on my previous idea, ETC hitted the strong resistance at 300k after breaking the different supports.
By doing so, as you could see on the chart here, it generated a strong buy signal on my indicator between the 300k-300k levels.
As you could see ETC is inside a triangle between the purple line (long term uptrend support) and the black line. This triangle should resolve soon.
If it breaks up, first stop should be at 450k and if the uptrend continue, it will hit 545k.
If it breaks down we will revisit 300k and maybe then 250k. If it continue downward the support at 200-210k will be strong.
My indicators predicts a small upward mouvement in the following days in order to test the top of the triangle. Watch it if it break up, it will be a safe signal to buy.
By doing so, as you could see on the chart here, it generated a strong buy signal on my indicator between the 300k-300k levels.
As you could see ETC is inside a triangle between the purple line (long term uptrend support) and the black line. This triangle should resolve soon.
If it breaks up, first stop should be at 450k and if the uptrend continue, it will hit 545k.
If it breaks down we will revisit 300k and maybe then 250k. If it continue downward the support at 200-210k will be strong.
My indicators predicts a small upward mouvement in the following days in order to test the top of the triangle. Watch it if it break up, it will be a safe signal to buy.
Note
ETC Still inside the Triangle.We should see a mouvement on the following days. Stay ready to buy if it breaks up!!!
Note
I hope you catch the train when ETC broke up the triangle.
I warned you
Note
First stop should be 45k where there is a FIB resistance.Note
I meant 450k.
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