Ethereum Classic (ETC) Bearish Divergence, drop likely.
ETC has been on my watchlist for a while, and recently closed my position in anticipation for the sell-off after a 2.4% gain.
Trade can be found here
Due to the bearish divergence on the RSI, it is very possible ETC will drop, so this could be a good short position.
How to trade:
Buy in: On or above the white trendline
Sell Target
Around 2169 if this idea plays out like last time.
if we break above, this will be invalidated and a long position might be a good idea. I think it's going to drop, however.
Thanks for viewing! Please leave any comments in the section below. I will respond to all of them.
Trade can be found here
Due to the bearish divergence on the RSI, it is very possible ETC will drop, so this could be a good short position.
How to trade:
Buy in: On or above the white trendline
Sell Target
Around 2169 if this idea plays out like last time.
if we break above, this will be invalidated and a long position might be a good idea. I think it's going to drop, however.
Thanks for viewing! Please leave any comments in the section below. I will respond to all of them.
Kommentar:
If this closes below, bearish will probably happen
If this closes below, bearish will probably happen
Kommentar:
This is my ideal buy in position. If it drops below would seem like etc is more bearish.
This is my ideal buy in position. If it drops below would seem like etc is more bearish.
Kommentar:
Added 10% of my position right here.
Added 10% of my position right here.
Kommentar:
50% at 2074
50% at 2065
Stop loss is market and manual.
50% at 2065
Stop loss is market and manual.
Kommentar:
First sign of support here.
First sign of support here.
Trade geschlossen: Ziel wurde erreicht:
Closed 50% at 1.35%
Trade geschlossen: Ziel wurde erreicht:
Closed 25% at 2103
Trade geschlossen: Ziel wurde erreicht:
Final 25% at 2125
Kommentar:
If i didn't ladder sells, would have been over 2%. No regrets though. Better safe than sorry.
This would be the idea long scenario.