Ethereum Classic (ETC) Bearish Divergence, drop likely.

31 июл. 2018 г.

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 июл. 2018 г.

Заметка

This would be the idea long scenario.

31 июл. 2018 г.

Заметка

If this closes below, bearish will probably happen

31 июл. 2018 г.

Заметка

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

31 июл. 2018 г.

Заметка

Added 10% of my position right here.

31 июл. 2018 г.

Заметка

50% at 2074
50% at 2065

Stop loss is market and manual.

31 июл. 2018 г.

Заметка

First sign of support here.

31 июл. 2018 г.

Сделка закрыта: достигнута тейк-профит цена

Closed 50% at 1.35%

1 авг. 2018 г.

Сделка закрыта: достигнута тейк-профит цена

Closed 25% at 2103

1 авг. 2018 г.

Сделка закрыта: достигнута тейк-профит цена

Final 25% at 2125

1 авг. 2018 г.

Заметка

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