ETC appears to have made an adam and Eve bottom and up into a bullish pennant with a bull div and descending volume pattern.
The measured move from the Adam bottom, the flat cloud, and 50% retrace from the all time high all point to a little over $16 as the classical target for this move before a correction.
For a safer entry, wait for a close above the cloud on volume.
The measured move from the Adam bottom, the flat cloud, and 50% retrace from the all time high all point to a little over $16 as the classical target for this move before a correction.
For a safer entry, wait for a close above the cloud on volume.
Trade active:
c'mon, big money, no whammies
Comment:
Pennant has broken down, we might go test the support of that A&E. If it holds, that should give a nice buy opportunity.
Trade closed: stop reached:
brutal, savage, rekt