ETCUSD Downtrend consolidation
Updated
As observed in my previous post, ETCUSD pair did not gain momentum for a reversal, only decelerated (IMO) by the upcoming ether trading introduction in China.
MA20 just crossed under MA50. RSI and Stochastic (not shown) are heading south with still plenty of room to decline,
However, price excursioned Keltner Channel bottom line, and has maintained there for the last 5 days. This may be profitable for daytraders, from whom I would like to read their opinion.
MA20 just crossed under MA50. RSI and Stochastic (not shown) are heading south with still plenty of room to decline,
However, price excursioned Keltner Channel bottom line, and has maintained there for the last 5 days. This may be profitable for daytraders, from whom I would like to read their opinion.
Note
Today ETC bounced from the 16 resistance level. Tight stops should be placed though.Trade active
Disclaimer
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.