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Donchian Channels (DC)

ETC/ETH Donchian channel breakout developingETC/ETH has bounced back with a vengeance, rapidly approaching the 90 day high (ETH 0.09). At this rate, the price momentum has great chances of pushing ETC past the 90 day high. Should the 90 day high be breached, I expect the next major resistance would be around the 9 month high (ETH 0.190). Taking profits close to the 9 month high resistance (ETH 0.175 - 0.200) region may be a good idea. Exit with a 30 or 14 day trailing stop loss. Perhaps also bail if there are signs of a reversal near ETH 0.09. Happy trading! Regards, Elena Homely
Long
by elenahomely
1
Karma ... take the system to another level ... planes. Why geometry works with numbers ... well, I could show you some of the stuff I have been working on, and numbers... regardless as how random or linear they may seem, have value associated.... sort of like Karma. Guessing when your going to get your Karma, is Forex ... a fickle bitch. The chink in this armor, is pretty straightforward... follow the trend. Guessing or estimating trends can be prosperous, but will only work as long as your long term strategy is following the trend. A simple analogy is swimming against the current, although your destination might be the shore, sometimes you will find a horizontal vector to the shore a better approach. :-)
by ondapc
1