a VIP member ask for ETC chart
here is, we bough ETC at 2600 and 2390 without targets to HOLD for mid-long term
The run comes and ETC hit 66% profit from our average buy price, what its next?
Looking to RSI and MA 100 we still fine, if u are looking for a stop loss I recommend to put under MA 100 and 0.618 fib
why?
this is a important level now we already retraced and bounced hard from 0.618 fib and if we stop in this area we still in profits (20%), now its moving again for uptrend line.
1- BEST scenario! still between trend lines and breakup coming again to 4140 (66% profit) first target to sell!
second target its 4855 (95% profit)
2- breakdown trend line but rebounce from 0.618 fib and back to trend line following idea 1
3- Worst scenario! breakdown trend line and breakdown MA100 and 0.618 fib going back to last low (stop loss will hit with 20% profit)
If u are looking to buy ETC now, I think its better wait to see next move, if bounce from trend line or 0.618 fib this levels can be a good buy to short term trade, but if breakdown forget about it until touch last bottom
here is, we bough ETC at 2600 and 2390 without targets to HOLD for mid-long term
The run comes and ETC hit 66% profit from our average buy price, what its next?
Looking to RSI and MA 100 we still fine, if u are looking for a stop loss I recommend to put under MA 100 and 0.618 fib
why?
this is a important level now we already retraced and bounced hard from 0.618 fib and if we stop in this area we still in profits (20%), now its moving again for uptrend line.
1- BEST scenario! still between trend lines and breakup coming again to 4140 (66% profit) first target to sell!
second target its 4855 (95% profit)
2- breakdown trend line but rebounce from 0.618 fib and back to trend line following idea 1
3- Worst scenario! breakdown trend line and breakdown MA100 and 0.618 fib going back to last low (stop loss will hit with 20% profit)
If u are looking to buy ETC now, I think its better wait to see next move, if bounce from trend line or 0.618 fib this levels can be a good buy to short term trade, but if breakdown forget about it until touch last bottom
Comment:
Price its following idea 1! waiting for breakout
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