Long position on ETCBTC pair on Poloniex 60 min chart
Updated
The harmonic pattern has completed. A double bottom has formed and RSI is oversold and turning up. All targets are shown on my chart.
Trade closed: target reached
Closed 1/2 my position.Trade closed: stop reached
After raising my stop to .00374 to protect the remaining 1/2 of my position this trade has been closed in profit.If price dips back into the PRZ and support holds I will be interested in taking out another long position.
Furthermore, if the support holds in this zone we could possibly see a triple bottom form, which provides me with another case for going long.
Note
Note
It looks like support held in the PRZ and formed a triple bottom. I have re opened a new position and you can read my further ananlysis https://here.https://www.tradingview.com/chart/ETCBTC/t2xHcO4B-Bullish-Alternate-Bat-ETC-BTC-pair-120-minute-time-frame/
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