domavila

Long position on ETCBTC pair on Poloniex 60 min chart

POLONIEX:ETCBTC   Ethereum Classic / Bitcoin
244 0 9
The harmonic pattern has completed. A double bottom has formed and RSI is oversold and turning up. All targets are shown on my chart.
Trade closed: target reached: Closed 1/2 my position.
Trade closed: stop reached: After raising my stop to .00374 to protect the remaining 1/2 of my position this trade has been closed in profit.

If price dips back into the PRZ and support holds I will be interested in taking out another long position.

Furthermore, if the support holds in this zone we could possibly see a triple bottom form, which provides me with another case for going long.
Comment:
snapshot
Comment: It looks like support held in the PRZ and formed a triple bottom. I have re opened a new position and you can read my further ananlysis here.
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