ArShevelev

ETC / USD — Ascending Traingle Trade

BITFINEX:ETCUSD   Ethereum Classic / U.S. Dollar
Hi people, welcome! What can move ETC price up or down next ?
Found ETC-USD in developing of Ascending Triangle (Flat Top)
Possible targets for this triangle in nearest strong support and target zones.

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Trade active: Price still inside the pattern, interesting how it will play out

Comments

@ArShevelev what should be the stop loss? 4 hour candle close below 4.7 ?
+1 Reply
ArShevelev umairceo
@umairceo, Hello, thanks for good question. here is what i will do on my cash:

if price break up:
im going to buy small position,
I am not buying inside pattern,
cause i don't want hold big positions on altcoins.

I will set sell orders all the way up 5.4-5.5-5.6......6.5
SL in this case can be at entry or as your proposal 4.7.

If it break down:
i wont buy or short. cause this thing could be very tricky!
cause i dont need sudden liquidations on account ;)

Hope you will take good decisiom @umairceo )
Reply
umairceo ArShevelev
@ArShevelev, thanks for the detailed reply :)
+1 Reply
ArShevelev umairceo
@umairceo, happy to help )
Reply
nice chart
Reply
ArShevelev mr_kosovskiy
@mr_kosovskiy, will see how it play out
Reply
upvoted. clean charts. thank you.
Reply
ArShevelev ProjectSyndicate
@ProjectSyndicate, appreciate, you doing good too 🤝
Reply
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