Hello fellow traders. The time has come, when we might see another run from ETC. As you can see we are testing the bottom of the uptrend channel. Along with this, we have falling sale volume which indicates, that reversal might be close. However, ETC is really close to 200EMA and I would not be surprised if one spike in next 4 hours touched it. If if does and we will see strong doji/hammer candle, another climb will come. If, however, 200EMA falls to support ETC, drop all the way to the blue trendline will be highly probable.
The best entry is now on the bottom of the channel. If price fall and close bellow 200EMA that would be the sell signal.
Stay positive.
Enjoy trading.
M.
The best entry is now on the bottom of the channel. If price fall and close bellow 200EMA that would be the sell signal.
Stay positive.
Enjoy trading.
M.
Trade closed: stop reached:
ETC has fallen below 200EMA. I am not going to trade this until ETC will establish 200EMA as support or will fall all the way to the blue trendline.
Will post new ideas soon.
Stay positive.
M.
Will post new ideas soon.
Stay positive.
M.