ETC now breaks out it's symmetrical triangle so it would be good enter with a stop loss 22.71 EUR. I think first target would be 34 EUR and after that we can trail the price.
If ETC will manage to break above 24.8, I'll enter small trade with aim to marked targets. Expect resistance at 30 psychological level. Otherwise it will most probably accumulate around this level some time.
Consider taking profits at top channel, 32E
ETC did a nice breakout. Let's see what could we expect. I'll wait for retrace to .618 Fib level (and retest), and if it won't close bellow 9.2, I'll enter a small trade at ~9.25 with targets at 11.9 and 13.4. Otherwise I'll wait for retrace to Support 1 or Support 2.
This can be kind of a safe trade. I don't see any bad forecasts for ETC. We are moving in this channel for almost 3 weeks now, accumulating nice and break to downside is not such a probable. If we don't break Support 1, I'd buy some when we cross 9.65. If Support 1 will be broken, wait for pullback and buy some more at 9.5. If we come down to Support 3 (which is...
If we can break above 10.6 EUR, we could go long with targets around 12 (this is also the first mentionable resistance, so I wouldn't cash out too much here), next targets 13.11 and 14.72 EUR (also 15.52 could be reached with good volume). We have good support between 9.5 and 9.8, I would put stop loss below 9.0.
ETC has broken the 10.5 resistance line and moving towards next resistance at 13.5 EUR. Price is high above the cloud and both RSI and DMI show strong upward trend. This is good time to buy. If it breaks 13.5 EUR, next one is at 16.5 EUR.
After recent developments, its obvious that risk management is everything. "spreading risk" over multiple currencies might just be an illusion.
My initial investment is 24500 EUR ETCEUR 3.52% 23% ETHEUR 1.24% 23% OMGBTC 18.97% 54%
ETC recently triggered a rally which was stopped in a drastic way on Massacre Monday sending the FIAT value back to support and reset the rally completely. I am accumulating ETC because I think the latest rally triggered the end of the bear market and we can see support building on a new trend line. It is very important to not fall down further (bottom yellow...
Still some juice for core cryptocurrencies
I think a cup and handle might be forming. There is a support slope line on which ETC lays, the upward movement is steady and a run for the hills should be coming soon.
Most people panic today, but we're in a upward trend. For those who did not bought ETC, this is a good opportunity.
Etc in buy region. Possible upcoming inverted H&S pattern.