Since the last correction, I've been looking at ETC as strong.
Each time I get questions about it and look at the charts I get the same impression. Strength.
So I decided to open a trade. Let's look at the details.
Here are the details that support this trade:
* The Etherum classic daily chart looks pretty good overall. Prime for some action.
* The brown line represents a double bottom, a famous formation which signals bullish sentiment. We touched the same bottom twice, it didn't break. Got it.
* TD Sequential (Candle stick analysis), shows bullish sentiment.
* MACD shows plenty of room for growth.
* RSI is showing bullish divergence. Very positive indicator.
* Many more indicators on the 4h chart, 1h chart, etc. But this trade looks strong enough for us to trade.
Buy-in: 0.0013 - 0.00195
Stop-loss: 0.00129
Targets: 0.0028
Other targets will be posted after breakout.
Breakout will be confirmed after we break first resistance of 0.00206 and close above it.
Note: This is a MID-LONG Trade. If you can't wait until the action starts, then this trade is not for you.
If you can wait, then by all means, get it NOW.
Let's have some fun.