Work on ETC / USD Pivot Points. Channel. Wedge. Double bottom.
Aggiornato
Work on the ETC / USD coin. Coin in a downtrend. Downstream channel. Since June, a downward wedge has been forming since the last high. Volatility decreases, the price is almost in the corner. Soon the denouement of the situation. I showed the area for observation on the chart. Entrance to long or short only with confirmation of a breakthrough!
Short script. As you can see from the history, a past similar formation was broken down and the price fell to the lower trend line of the channel, which at the moment is the border of the channel. If this downward wedge is broken down, then the potential for falling to the $ 1.50 area. The lower trend of the "internal channel" will act as a support. Also in this zone the horizontal support line intersects. Such intersections have a big impact on price.
Long script. If the descending wedge is broken up, the entrance will be on a breakthrough or rollback after the breakthrough with confirmation of support.
The first movement of about + 30-40% is towards the upper trend line of the descending channel, if this trend price breaks and fixes above it, then there is a high probability of a trend reversal. Wedge targets - $ 8-10. Thus, as the movement moves to develop a downward wedge, the price can form a double bottom. If the price breaks through the resistance (the previous local maximum, the yellow line is $ 10) and fixes above it, then the figure potential has a double bottom + 200%. This will be a full trend reversal.
Stop loss
Under key support levels during your entry into the market.
Do not forget to move Stop Loss during the price increase, but take into account the volatility of the coin.
Also look at the situation on the "son of Ether Classic" ETH coin. A very interesting situation. I do not think that the price of these two assets will go asynchronously.
ETH / USD The global situation. Pivot points. Channel. The trend.
Short script. As you can see from the history, a past similar formation was broken down and the price fell to the lower trend line of the channel, which at the moment is the border of the channel. If this downward wedge is broken down, then the potential for falling to the $ 1.50 area. The lower trend of the "internal channel" will act as a support. Also in this zone the horizontal support line intersects. Such intersections have a big impact on price.
Long script. If the descending wedge is broken up, the entrance will be on a breakthrough or rollback after the breakthrough with confirmation of support.
The first movement of about + 30-40% is towards the upper trend line of the descending channel, if this trend price breaks and fixes above it, then there is a high probability of a trend reversal. Wedge targets - $ 8-10. Thus, as the movement moves to develop a downward wedge, the price can form a double bottom. If the price breaks through the resistance (the previous local maximum, the yellow line is $ 10) and fixes above it, then the figure potential has a double bottom + 200%. This will be a full trend reversal.
Stop loss
Under key support levels during your entry into the market.
Do not forget to move Stop Loss during the price increase, but take into account the volatility of the coin.
Also look at the situation on the "son of Ether Classic" ETH coin. A very interesting situation. I do not think that the price of these two assets will go asynchronously.
ETH / USD The global situation. Pivot points. Channel. The trend.
Nota
This is a ETC zone on a small scale. ETC / USD Pivot Points. Wedge. Potential + 150% 
Trade chiuso: obiettivo raggiunto
+ 19%
Trade attivo
Trade chiuso: obiettivo raggiunto
+80%
Trade attivo
Trade chiuso: obiettivo raggiunto
+150%
Trade chiuso: obiettivo raggiunto
+193%
Nota
Profit is now about + 225%, and who actively trades much more.
This is a liquid instrument, it is not an altcoin below the top 50. This is a lot of money.
Nota
Nota
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