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Etcbuy

ETCUSD: Analysis using Ichimoku 22/07/2020H4 On D1, the cloud is directing upward, indicating an uptrend. You can visually see how the triangle price correction model is forming. Conclusion: We recommend selling from the upper line of the triangle pattern when the RSI reaches the overbought level again. Also, we recommend to close sell and open buy when the price reaches the range of $5,8 - $5,5, and the RSI reaches the oversold level. H1 At H4, the cloud is directing upward, indicating an uptrend. RSI is in an undefined state. Conclusion: You can try to sell with a short stop loss when the RSI H1 reaches the overbought level. However, it should be borne in mind that the upward movement may be higher for H1. A great option is to sell according to the H4 scenario from the upper line of the triangle. In the medium term, we should expect the price to rise to the level of $8, possibly higher.
BITFINEX:ETCUSD
by QubitLife
ETCUSD: Analysis using Ichimoku 12/07/2020H4 On D1, the cloud is directing upward, indicating an uptrend. The price also broke the downtrend line at D1. Conclusion: Locally, we recommend buying when the RSI reaches an oversold level on the H4 near the Fibonacci level of 61.8%. H1 At H4, the cloud is directing upward, indicating an uptrend. The RSI is not far from the overbought level, indicating a possible continuation of the correction. Also, the divergence has formed on H1 between price and RSI. Conclusion: Selling ETC looks risky, since the correction model may take the form of a “triangle”, but you can use this setup and sell ETCUSD when RSI reach overbought level at H1. Stop loss must be set at 6.8. Also, we recommend buying when the RSI reaches an oversold level on the H1 near level of 6.2.
BITFINEX:ETCUSDLong
by QubitLife