ETC at Wedge resistance + parabolic move = short with TP $11
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.
First area to partially book profits is $14 and then $12.
Comment:
I think ETC is doing and ABC correction. C wave is on going.
I expect the downward movement to resume within 48 to 72 hours.