ETCUSD : W pattern opportunity

30 giu 2018

Potential W pattern.
We still are in the rally.
MACD cross.

Long trade opportunity:
-Entry=16.2
-Profit target=20.8
-Stop Loss=14.9

If we break the black line resistance, we should see strong buy to confirm the pattern.

30 giu 2018

Trade attivo

16.2 act as a support

1 lug 2018

Nota

Bullflag pattern forming, the same as Bitcoin.
RSI shows bearish divergence on the hour-chart, that could lead to a fail of the W pattern.
Conclusion : if the bull flag breaks down and fail, then we would retest blue channel support and the principal maroon trend line of the rally.

2 lug 2018

Nota

We failed one breakout because of small volumes. Now we see a breakout on the 4-hour chart, but we need a clear increase of volume to confirm the pattern.

2 lug 2018

Nota

Pattern confirmed.
16.060 support broken with a green candle with great volume.
W pattern seemed to be confirmed, bulls would buy more soon.

Profit target : 20.8 but you could put another one smaller to save profits.