On the 1H there was alot of volume on a candle the closed lower than open. However the candle also had a local high. This could be a coinsidence. But i think it marks the beginning of the bear market, where the channel i drew, could touch the bottom, and then break down.
The implementation of Ethereum Classic trading on Poloniex is most def one of the most shameful frauds in crypto world I have ever witnessed. STAY AWAY! From both, exchange and scamcoin. Complete Rektage 100% guaranteed!
Noob trader here. Publishing this to help me track my progress in the ways of TA and to get feedback from more experienced traders. Anyone who wants to share some insight is most welcome to do so.
Lots of opportunities with this crypto pair. On the Daily on the right screen there is Bearish Head and Shoulder pattern. If price breaks and closes above .030 then it becomes invalid for me. If price holds I would look to get short around .024 with a target to .014. On the 240 min there is a potential Flag/Pennant pattern forming price could breakout above .030...