Ethereum Classic - Start of trend, triangle breakout
i'll be taking a breakout trade on this triangle consolidation forming on ETC.
Things to consider:
Hopefully we have the start of a decent trend. good luck!
Mark
Things to consider:
- Well, it's a little messy, and getting a triangle at the beginning of a trend is a bit rare, so could just be a pause for a move further down. If this is the case, then we will hopefully avoid getting into the trade, as it will likely not even break the swing high before continuing down.
- If the price consolidates more i'll probably move the buy-stoploss (entry) and sell-stoploss (exit) to the latest swing high and low.
Hopefully we have the start of a decent trend. good luck!
Mark
