Ether Classic (ETC) Descending pattern, another rally possible.

ETC is now in a descending channel. I would be wary about trading this coin since Tron basically had the exact same thing happen to it. If we keep on getting lower and lower highs it means the trend will be down.

Therefore, if you hold ETC, I would recommend getting rid of it for the best price possible. We could be getting another rally to 2600+, so if that does happen, consider selling your position.

I know many of you held ETC due to the hype and fomo, but the pattern shown is like every other altcoin pump during Jan, where it peaks then drops for the next few candles.

This was my private ETC chart after the pump last night. I'll admit I missed out on quite a bit of gains, but it felt to dangerous for me to enter. We were getting drops of 2% in around 5 minutes.

Thanks for viewing. If any of you would like to get my private charts, please update me and I will share them all with you. This is an example of a ZRX and SNM trades I did just now:

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BTC dropped again

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ETC still doing really well

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Evening star

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Drop happened as expected. Target is 2300

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Expecting another drop

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Going to be hard to break red cloud in this market.

Trade geschlossen: Ziel wurde erreicht:

We reached target at 2300, sell right now. I managed a 3.5%