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Grimland
Apr 24, 2018 8:40 PM

ETC/USD SHORT Short

BITFINEX:ETCUSD60
Ethereum Classic / DollarBitfinex

Description

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Looks like ETC is forming a rising wedge
Bearish RSI divergence gives us extra confirmation
In case support trend breaks we should expect a move down to the longer term support trend



Trade active

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Trade closed: target reached

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Trend AnalysisChart PatternsWave AnalysisetcshortbitifnexRising Wedgebreakdownbearishdivergenceuptrend
Comments
yuri.fabris
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There should be one more upward impulse, so far there are only 3 waves in this wedge.
Grimland
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@Yuri.fabris, i am afraid not, this 3 waves rising wedge is textbook.
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