Possible break down on ETC

٢٢ أغسطس ٢٠١٦

Hi. I am thinking that ETC triangle will break down here. Triangles usually are continuation patterns. And the horisontal trend line finds support near 0.00235. As we can see, if price takes that leg down, it wont even be a 100% retrace. A 100% retrace for a newly launched coin is not uncommon tho. So i dont think my guess of 0.0023 is very radical which is about a 85% retrace considering how young ETC is.

٢٣ أغسطس ٢٠١٦

ملاحظة

We may have a local bottom here. Bull divs showing up on 1H as well as volume. Dont let them squeeze all your profits :)

٢٣ أغسطس ٢٠١٦

ملاحظة

Bad advice. The bullish div may already have played out due to the large green candle