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ETC update analysis
Not much needs to discussed around here, its very clear ETC broke out from a classical pennant chart pattern after trading for sometime on a range. This breakout was confirmed by a hidden bullish divergence signal from 4H and 1 H Chart. This is a easy textbook trade, just be careful with the black dotted line as we see this as an area of first sign of trouble. Profit taking around this area is a wise decision. Stop loss should be placed somewhere near the red dotted line. Target is on the chart.
This is just a guide, not a trading advise.
Hit like and follow for more chart updates!
Thanks
-Your Poop Trader
ETC update analysisNot much needs to discussed around here, its very clear ETC broke out from a classical pennant chart pattern after trading for sometime on a range. This breakout was confirmed by a hidden bullish divergence signal from 4H and 1 H Chart. This is a easy textbook trade, just be careful with the black dotted line as we see this as an area of first sign of trouble. Profit taking around this area is a wise decision. Stop loss should be placed somewhere near the red dotted line. Target is on the chart.
This is just a guide, not a trading advise.
Hit like and follow for more chart updates!
Thanks
-Your Poop Trader
Trade chiuso: stop raggiunto
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.