Long
ETC7D | ETCXBT | Markup Scenarios | Ready to buy
Updated
For the past few months, ETCBTC has been on accumulation. With the big airdrop coming soon, I expect some movement after CNY.
There are two scenarios: 1) a low volume scenario with a weak breakout and 2) a high volume scenario where it will test a weekly level.
In the first case, I will buy on a retest of the weekly level (0.003).
In the second case, I will just market buy a confirmation candle on 0.00164. ETCBTC has hit that level twich in the past 4 months with an acceleration upwards.
There are two scenarios: 1) a low volume scenario with a weak breakout and 2) a high volume scenario where it will test a weekly level.
In the first case, I will buy on a retest of the weekly level (0.003).
In the second case, I will just market buy a confirmation candle on 0.00164. ETCBTC has hit that level twich in the past 4 months with an acceleration upwards.
Note
Scenario 1 is now in play. Let's wait for the retest.Note
ETC has retraced back to the daily level. Either wait for a good reversal first in the hourly or if the retracement volume is high, look to re-enter around 0.0030
Related publications
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.