Another forecast touchdown triangle breakout for ETC. It will break out of the triangle by the 6th at the latest. I will be looking to get in somewhere close to the forecast in the next 24 hours
Note
Keep in mind it does have potential to drop to the uptrend line before breaking out of the triangle if it doesn't break out past the downtrend line. Good news is that's 16.50ish so much impact there. If it goes to the downtrend line then beyond and doesn't come back over the forecast then we have a problem... Otherwise profitNote
btc dropped 200 usd taking everything with it.. its red across the board. I bought back in on etc at 16.61.... I am past where i felt comfortable with it going. But Im still holding for now. Going to keep a close eye on it the best i can. hopefully btc will make a good bounce allowing alts to bounce with itTrade closed manually
That's it I'm out... Will dig in tomorrow and do some charting to see if I can figure out what my next move is.Note
Ok so BTC bounced... ETC bounced with it and blasted right back up through resistance setting it back on track to pop on the 13th.... and then it just kept going breaking the downtrend. It broke the 2 hour, 4 hour, and now it is breaking the 1 day MAs. We should see a dip back now before making a bounce and moving on to a possible new ATH
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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.