Ethereum Classic (ETC) Bearish Divergence, drop likely.

31 thg 7, 2018

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.

31 thg 7, 2018

Ghi chú

This would be the idea long scenario.

31 thg 7, 2018

Ghi chú

If this closes below, bearish will probably happen

31 thg 7, 2018

Ghi chú

This is my ideal buy in position. If it drops below would seem like etc is more bearish.

31 thg 7, 2018

Ghi chú

Added 10% of my position right here.

31 thg 7, 2018

Ghi chú

50% at 2074
50% at 2065

Stop loss is market and manual.

31 thg 7, 2018

Ghi chú

First sign of support here.

31 thg 7, 2018

Đóng lệnh: đạt mục tiêu

Closed 50% at 1.35%

1 thg 8, 2018

Đóng lệnh: đạt mục tiêu

Closed 25% at 2103

1 thg 8, 2018

Đóng lệnh: đạt mục tiêu

Final 25% at 2125

1 thg 8, 2018

Ghi chú

If i didn't ladder sells, would have been over 2%. No regrets though. Better safe than sorry.