ETCUSD SHORT strategy
Updated
ETC broke the short-term uptrend line.
$ 18.5 price is resistance level (fibonacci retracement level 61.8%), and this strong resistance level seems to be hard to break.
BTC falling can accelerate the decline of the ETC.
We can apply the AB = CD pattern to this plan if BTC falls below the previous high $ 4970.
$ 18.5 price is resistance level (fibonacci retracement level 61.8%), and this strong resistance level seems to be hard to break.
BTC falling can accelerate the decline of the ETC.
We can apply the AB = CD pattern to this plan if BTC falls below the previous high $ 4970.
Note
The possibility of a new pennant pattern and my countermeasure.
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