DeLaRose

ETC showing inverse head and shoulders

KRAKEN:ETCUSD   Ethereum Classic / U.S. Dollar
ETC showing inverse head and shoulders but to be confirmed price must go above 26.70 in this case targets will be as shown on the chart

Also in my opinion this inverse head and shoulders are supported by the convergence/divergence
Trade active: At the moment price above 26.70 so candle should close above this price then price can easily go to the 1st target on the chart be
Trade closed: target reached: 1st target reached 28,40
Trade active: Now waiting for the 2nd target
Trade closed: target reached: 2nd target reached let see what will be next
Do you think it will have a pullback until it gets to the second target? If, so how big you think it will be.

I am considering entering in it, but I missed entry point.
Reply
@Abaldo, in my opinion sir price should pullback between 25.30 - 26.60 it's just an opinion
+1 Reply
Abaldo DeLaRose
@DeLaRose, if we do FIBO projections it already had its pullback. Did you use FIBO?
Reply
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