ETCBTC day chart has made all grounds to move up
Hi guys:
ETCBTC has made all grounds to move up, the priceline was moving between a falling wedge since 17 Aug 18 now it has touched the support of wedge.
The Bollinger bands has been expanded to make more space for priceline's movement but at this point the price line has touched the bottom of wedge and now the candles are moving sideways moreover the candles are in oversold zones of RSI and stochastic RSI so it will be difficult for price to move down more at this point the choppiness index also has shown some movement towards 61.8 but so far it is still under 38.2.
Entry point: 0.001500 to 0.001530
1st exit: 0.001775
2nd exit: 0.00200
3rd exit and the target price: 0.002222
Best of luck and Regards,
Atif Akbar (Moon333).
ETCBTC has made all grounds to move up, the priceline was moving between a falling wedge since 17 Aug 18 now it has touched the support of wedge.
The Bollinger bands has been expanded to make more space for priceline's movement but at this point the price line has touched the bottom of wedge and now the candles are moving sideways moreover the candles are in oversold zones of RSI and stochastic RSI so it will be difficult for price to move down more at this point the choppiness index also has shown some movement towards 61.8 but so far it is still under 38.2.
Entry point: 0.001500 to 0.001530
1st exit: 0.001775
2nd exit: 0.00200
3rd exit and the target price: 0.002222
Best of luck and Regards,
Atif Akbar (Moon333).
Comment:
etcbtc has a successful breakout now but still awaiting for breakout in day chart
Trade closed manually:
ETCBTC is still moving in wedge to follow its new movements plz follow my today's post of 8 Nov "ETCBTC still in falling wedge waiting for breakout"