ETHEREUM CLASSIC ETC - Bullish Falling wedge progress!
Hello dear traders,
Here is an update for Ethereum Classic ETC.
I have a new 30 minute chart with a slightly modified falling wedge. This one is now more precise and as you can see we have not broken out yet.
Three scenarios are possible:
1. ETC follows the blue arrow out of the falling wedge upwards. We need volume to confirm!
2. ETC follows the orange arrow after first testing the 100 level and then up for a breakout. Volume is very important at the breakout
3. Least likely scenarion. ETC drops through the 100 usd level and hits the stop. If that happens we will first see the 78 USD level. Once we drop below that I see the 58 and then 43.
Please use your stops with the volatile ETC and money management (the famous 1% rule)!
This is purely my idea about ETC and not investment advice. As a trader you should always do your own research and try to protect your capital with money management.
Safe and happy trading!
Here is an update for Ethereum Classic ETC.
I have a new 30 minute chart with a slightly modified falling wedge. This one is now more precise and as you can see we have not broken out yet.
Three scenarios are possible:
1. ETC follows the blue arrow out of the falling wedge upwards. We need volume to confirm!
2. ETC follows the orange arrow after first testing the 100 level and then up for a breakout. Volume is very important at the breakout
3. Least likely scenarion. ETC drops through the 100 usd level and hits the stop. If that happens we will first see the 78 USD level. Once we drop below that I see the 58 and then 43.
Please use your stops with the volatile ETC and money management (the famous 1% rule)!
This is purely my idea about ETC and not investment advice. As a trader you should always do your own research and try to protect your capital with money management.
Safe and happy trading!
Comment:
Please check out this related chart for Ethereum Classic.
Comment:
We have the breakout traders with good volume. Target 2 is hit already!
Fasten your seatbelts!
Fasten your seatbelts!
Trade active:
Flying now
Trade active:
Don't be afraid of heights and don't look down ;-)
Enjoy the profits! Are you flying business class or standard. It really doesnt matter you arrive at the same airport, same time!
On our way to resistance 3!
Enjoy the profits! Are you flying business class or standard. It really doesnt matter you arrive at the same airport, same time!
On our way to resistance 3!
Comment:
Traders, at this very moment we made already a higher high at 135 USD and now we do need to make also a higher low to confirm the uptrend. That higher low need to be above 110 USD or higher. Once that happens the uptrend is confirmd with a higher high and a higher low, the definition from an uptrend.
The higher low is also the perfect buy moment. Stop at 108!
The higher low is also the perfect buy moment. Stop at 108!
Comment:
Traders we still have a higher high and a higher low. That means trend us UP on this timeframe. stop under the last low.
Everything depends on Bitcoin and that is why I always say to keep a very close eye to BTC. Everything will follow Bitcoin. If it goes down like a stone then all the ALTS are going 2 to 10 times faster down.
Place your stops and the 1% money management rule traders, that is my advice!
Safe and happy trading!
Everything depends on Bitcoin and that is why I always say to keep a very close eye to BTC. Everything will follow Bitcoin. If it goes down like a stone then all the ALTS are going 2 to 10 times faster down.
Place your stops and the 1% money management rule traders, that is my advice!
Safe and happy trading!
Comment:
Traders here is a new update. Click on the chart to open.
Comment:
Traders when going long, place a stop at the last low. Scale out at the different resistance lines is another excellent strategy.
