ETCUSD - deeper retracement before the bulls move in.
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If the support level breaks we may see price go to the 127% of the 1st corrective swing and the 0.618 retracement of the entire move. This will attract bulls. I would expect to see some buyers here and it's good to trade off these deeper retracment levels as your risk is lower. Wait for the CHANGE-OF-TREND on the lower time frames to lower your riskl
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.