veryevilone

Possible break down on ETC

KRAKEN:ETCXBT   ETCXBT
Hi. I am thinking that ETC triangle will break down here. Triangles usually are continuation patterns. And the horisontal trend line finds support near 0.00235. As we can see, if price takes that leg down, it wont even be a 100% retrace. A 100% retrace for a newly launched coin is not uncommon tho. So i dont think my guess of 0.0023 is very radical which is about a 85% retrace considering how young ETC is.
Comment: We may have a local bottom here. Bull divs showing up on 1H as well as volume. Dont let them squeeze all your profits :)
snapshot
Comment: Bad advice. The bullish div may already have played out due to the large green candle
Nice chart bro. I'm not very good in Englsih. I tried to understand the last sentence. U think that green candles are not from Bulls, this is possibly Bears trick? Did I understand u right?
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