i'll be taking a breakout trade on this triangle consolidation forming on ETC. Things to consider:
Well, it's a little messy, and getting a triangle at the beginning of a trend is a bit rare, so could just be a pause for a move further down. If this is the case, then we will hopefully avoid getting into the trade, as it will likely not even break the swing high before continuing down.
If the price consolidates more i'll probably move the buy-stoploss (entry) and sell-stoploss (exit) to the latest swing high and low.
Hopefully we have the start of a decent trend. good luck!