JongchulYe

ETC Possible CUP AND HANDLE PATTERN

Long
KRAKEN:ETCUSD   Ethereum Classic / U.S. Dollar

I'm newbie trader, hasn't experienced Cup pattern in my real trading though,
It looks very similar with what I saw in Text Book.
(If someone experienced Cup pattern, plz comment )

MY entry was 15.5,
entry after breaking 16.7 level still looks great.

Take profit
target 1 is 19 level
target 2 is 22 level

Stop loss at 15.5 (For me this is Break-even.)

Comments

You pretty much nailed it. But I would be cautious as when charts are clear they seldom go the way you want. buy the breakout if your shortterm. You need to look at your fibb again as that one allready played out. I would add the entire trend to it and then the handle portion and see if any line up. I like to have at least 2 sequences be in alignment.
Reply