ETC at Wedge resistance + parabolic move = short with TP $11
Updated
Dear community,
I do like ETC and I think it did really well in this bear market, however those parabolic moves always tend to correct and Coinbase news might not be sufficient to push through the wedge resistance.
I expect a corrective move downward to $11, the wedge support.
All the Best for the Crypto Space.
Alteroc
AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai/referral/ap3m9
twitter.com/alteroc_trading
I do like ETC and I think it did really well in this bear market, however those parabolic moves always tend to correct and Coinbase news might not be sufficient to push through the wedge resistance.
I expect a corrective move downward to $11, the wedge support.
All the Best for the Crypto Space.
Alteroc
AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai/referral/ap3m9
twitter.com/alteroc_trading
Trade active
Trade in play.First area to partially book profits is $14 and then $12.
Comment
Everything is on track so far. I expect the downward movement to resume within 48 to 72 hours.
Comment
I think ETC is doing and ABC correction. C wave is on going.Related publications
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.