ETC Nice and Steady; What do you see?
Few notes on ETC
A lot is shared already, I hope this post would be an addition
1. clear channel is in place on the daily channel; note black lines
2. some see an inverse head and shoulder, others see a cup and handle, triangle or even an Elliot wave in progress. All are in agreement it is an uptrend with good potential.
3. Volumes are not massive, compared to other areas where we had massive correction afterwards, note the lower horizontal bar to mark the volume levels.
4. The squeeze indicator still showing next move should be a big one
If you are in this since our previous chart, My own choice is to hold.
If you are willing to join, aggressive trader joins now, very conservative ones buy the dips around the .0075 to 0.0078 Mark as correction is possible, Neckline or lower trend line.
to sum it, ETC is closely approaching on it's previous ATH achieving small steps gives it a better potential of a fly after the break.
I remember yesterday I was thinking if we settle above the .0081 mark that would be a great stop and here we are.
Overall, the market is building back its confidence towards printing large green bars like it used to do one month ago.
Please do you research
See my other charts for ETC for the last 2 months
Please let me know what do you think?
Best of luck all,
If you like the post, please share
A lot is shared already, I hope this post would be an addition
1. clear channel is in place on the daily channel; note black lines
2. some see an inverse head and shoulder, others see a cup and handle, triangle or even an Elliot wave in progress. All are in agreement it is an uptrend with good potential.
3. Volumes are not massive, compared to other areas where we had massive correction afterwards, note the lower horizontal bar to mark the volume levels.
4. The squeeze indicator still showing next move should be a big one
If you are in this since our previous chart, My own choice is to hold.
If you are willing to join, aggressive trader joins now, very conservative ones buy the dips around the .0075 to 0.0078 Mark as correction is possible, Neckline or lower trend line.
to sum it, ETC is closely approaching on it's previous ATH achieving small steps gives it a better potential of a fly after the break.
I remember yesterday I was thinking if we settle above the .0081 mark that would be a great stop and here we are.
Overall, the market is building back its confidence towards printing large green bars like it used to do one month ago.
Please do you research
See my other charts for ETC for the last 2 months
Please let me know what do you think?
Best of luck all,
If you like the post, please share
Trade chiuso: stop raggiunto:
Support trend line reached, await reentry
