Ethereum Classic (ETC) Bearish Divergence, drop likely.

31 lug 2018

ETC has been on my watchlist for a while, and recently closed my position in anticipation for the sell-off after a 2.4% gain.

Trade can be found here

Due to the bearish divergence on the RSI, it is very possible ETC will drop, so this could be a good short position.

How to trade:

Buy in: On or above the white trendline

Sell Target
Around 2169 if this idea plays out like last time.

if we break above, this will be invalidated and a long position might be a good idea. I think it's going to drop, however.

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31 lug 2018

Nota

This would be the idea long scenario.

31 lug 2018

Nota

If this closes below, bearish will probably happen

31 lug 2018

Nota

This is my ideal buy in position. If it drops below would seem like etc is more bearish.

31 lug 2018

Nota

Added 10% of my position right here.

31 lug 2018

Nota

50% at 2074
50% at 2065

Stop loss is market and manual.

31 lug 2018

Nota

First sign of support here.

31 lug 2018

Trade chiuso: obiettivo raggiunto

Closed 50% at 1.35%

1 ago 2018

Trade chiuso: obiettivo raggiunto

Closed 25% at 2103

1 ago 2018

Trade chiuso: obiettivo raggiunto

Final 25% at 2125

1 ago 2018

Nota

If i didn't ladder sells, would have been over 2%. No regrets though. Better safe than sorry.