As observed in my previous post, ETCUSD pair did not gain momentum for a reversal, only decelerated (IMO) by the upcoming ether trading introduction in China.
MA20 just crossed under MA50. RSI and Stochastic (not shown) are heading south with still plenty of room to decline,
However, price excursioned Keltner Channel bottom line, and has maintained there for the last 5 days. This may be profitable for daytraders, from whom I would like to read their opinion.
MA20 just crossed under MA50. RSI and Stochastic (not shown) are heading south with still plenty of room to decline,
However, price excursioned Keltner Channel bottom line, and has maintained there for the last 5 days. This may be profitable for daytraders, from whom I would like to read their opinion.
Comment:
Today ETC bounced from the 16 resistance level. Tight stops should be placed though.
Trade active