ETCBTC Potential XABCD and Triangle break out

16 feb 2018

Momentum (10), MACD (12, 27) and Stoch RSI indicate a good buy opportunity. So do simple and moving averages (10, 30, 50, 100 and 200) while Ichimoku Cloud Base Line (9, 26, 52, 26) is neutral, hence the price does not have any significant resistance. There are a lot of good fundamental news that will increase the price in the following month. We recommend to buy and hold but if you are a risk averse person set a stop loss mentioned in the signal, as with a sharp BTC rise the price may fall correspondingly.