Hey Followers, Good news the ever popular ETC is on the move again. If you missed out on the earlier trade, here is another that should provide for you. Its just going through the levels our old 4H trade would have entered and we will have a Daily entry soon.
Our recent 4H trade didn’t get entered but much of that analysis remains true with price crossing back above the important 0.00319 level (Red Horizontal Line). We can see has also come back and perfectly tested the 20 (Blue Line) and powerful 61.8 Fib retracement level (Overlaid).
We currently have a decisive candle and if this remains when it closes I will buy the break of the top of it.
Entry is Buy the top of this candle after close
Stop loss 0.00300
Targets just before the blue lines at 0.00380, 0.003679 and 0.00419
To make money your decisions need to make sense. This is a trade, I think we will soon get entrirs on 4h and H charts as well. Don’t rush in, let the picture become clear and then enter
On way to target 1, I will keep you all updated across this movement.
Still many people entering at this level as the volume and order books are growing, I would expect to see a nice high throughout the day.
Its Great to see our 0.00319 hold on the daily chart for ETCBTC.
We currently have a Trading opportunity setting up on the H chart.
Its a classic ABC pattern based of the 0.00318 level (The Red Line), as well as the 38.2 Fib Retracement of the previous move (Overlaid), and 20 EMA.
It follows the recent success crossing of the EMAS 20 above, 50 above 200, a strong bullish signal.
Before we can trade we need a strong Bullish bar (one closing close to the top).
When we get that we can buy the high of the bar, with SL below the bar and the 0.00318 level.
Our first Target is just before the blue line at 0.00350, i will advise further targets.
Targets are just BEFORE my Blue lines
Target 2 0.00353
Target 3 0.00400