ETC at Wedge resistance + parabolic move = short with TP $11
Updated
Dear community,
I do like ETC and I think it did really well in this bear market, however those parabolic moves always tend to correct and Coinbase news might not be sufficient to push through the wedge resistance.
I expect a corrective move downward to $11, the wedge support.
All the Best for the Crypto Space.
Alteroc
AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai/referral/ap3m9
twitter.com/alteroc_trading
I do like ETC and I think it did really well in this bear market, however those parabolic moves always tend to correct and Coinbase news might not be sufficient to push through the wedge resistance.
I expect a corrective move downward to $11, the wedge support.
All the Best for the Crypto Space.
Alteroc
AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai/referral/ap3m9
twitter.com/alteroc_trading
Trade active
Trade in play.First area to partially book profits is $14 and then $12.
Note
Everything is on track so far. I expect the downward movement to resume within 48 to 72 hours.
Note
I think ETC is doing and ABC correction. C wave is on going.
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