I will try to get filled at the bottom of the blue square, small amount and tight stops, if it goes back up risk reward seems ok.
Less adventurous, wait for a clear breakout sign when positive volume increases if you think it will breakout.
Either will break out from above today, or bounce back to support.
Once at support either goes to zero, or bounces back.
In any case, keep an eye on it, I bought at previous support, couldn't publish due to maximum of 10 ideas per day....
Interesting days coming for ETC.
First it could break up or down in the wedge that has formed in the past week.
If it breaks down though, it could bounce on the 50 day Moving Average which coincides quite well with a long term trend line. In this case look for bounce up, but put tight stops (not clear the future of ETC, and sentiments are mixed about...
Like many coins ETC will be at a crossroads touching trendline and 50 day Moving Average in 4 to 6 days. Interesting region to look for a bounce up, as always in these cases with a lot of down sentiment, put tight stops.
Maybe you can make fast profit if you get filled at the trend line (which usually happens with many of these volatile markets). If so, the chance to brake down is small, while going back up is quite likely. Put tight stops.
NEM is about to touch the 50 days Moving Average, which coincides with a long term trend line which has acted as support for months. RSI at 3 months low, and MACD close to zero also at 3 months low. Look out for up movements, but wait a bit for some consolidation (it is coming a bit too strong and could break down, no need to hurry if uptrend is confirmed going to...