MandMTrade
Short

ETC Ascending Triangle- Short Possibility

BITFINEX:ETCBTC   Ethereum Classic / Bitcoin
Ladies and Gentelman we're here to present you the ultimate trading oppertunity !

Yesterday we posted long opportunity based on chart pattern. Today we decided to show you other way you can use this triangle pattern . The technical analysis is defining triangles as trend continuation or reversal patterns.
Chart has allowed us to spot opportunity to open short position. Entrance should be placed below Support zone and MA 50 as well as Ichimoku Cloud . Projection of price action is fitting perfectly with fibonacci 0.382 from the whole upward movement, but you should be careful near the trend line which can significantly stop the price movement.

Position should be entered below support zone @0.00261 with Stop Loss @0.00275 and two profit targets #1 0.00231 and #2 @0.00215

Remember you are solely responsible for your trading and investing decisions.
Trade ist aktiv: Position was triggered, waiting for the first target.
Trade ist aktiv: 1st target at 0.00234 Reached !
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