$ETC Ethereum Classic Market Analysis $ETCBTC

6 ago 2018

ETC Ethereum-Classic has had a nice impulse leg up. It's stalling at resistance and I'm expecting a retrace before another move. I'm bullish overall, but always cautious of set ups to liquidate retail traders as usual. Price playing out in overbought zones, some green volume which has backed off a little. This could go either way, my sense is 60%/40% favoring the bulls. I wouldn't enter here, my entry was at support, but Im not exiting here, choosing to stay in following the 9 and 18 EMA's with a trailing stop loss strategy. Re the stop loss idea with Binance its a matter of creating and deleting stop limit sell orders until they build in a trailing stop loss feature. Watch my short video of my analysis and my Binance stop loss strategy. I cover my take on Elliott Wave also: youtu.be/2Jv9F7P2dww