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ETCETH trade ideas

ETCETH Trading IdeaPrice passed from the kumo and DMI confirms strong upward movement. We have buy opportunity. We can open long trades based on a trading signal from Ichimoku indicator. But in such way our entry is near 0.100000 level. It's the strong resistance level and price can bounce from it and drop to the uptrend line. RSI is in the overbought zone and it's an additional confirmation for possible retracement. How we should trade in this market? It's better to wait when price breaks the resistance level and after that returns to Tenkan or Kijun lines. When we get a reversal signal from one of these lines, we'll be able to open long trades above 0.100000 level. Stop orders will have to be below the local swing low. Profit targets for long trades will be at 0.130000, 0.150000 and 0.180000 resistance levels. Also if price drops to the kumo and 0.081000 support level and we get a reversal signal confirmed by RSI, we'll be able to buy with profit target at 0.100000 resistance level. Don't forget that all trades must be opened using just a part of your deposit. Proper money management strategy is the key to stable and profitable trading in long term.
Long
by DLavrov
5
ETCETH: Interesting pattern here$ETCETH implies that $ETC will outperform $ETH to the tune of 200%, give or take. By this week's close, we will trigger a 14 week rally, the daily chart is already in a strong uptrend here, just taking off. I added to my $ETC position, now holding a half position, and waiting to add some more on dips, after making some more progress. I think this is an interesting trade right now, with $ETCEUR's upside potential, and also as a hedge to our $ETH exposure. Best of luck, Ivan Labrie.
Long
by IvanLabrie
32
My guess: most noobs don't what to do with ETHNice support and resistance megaphone coupled with the ETH hype and fud cylces. Also strong VPOC and 61.8% fib retrace of the dump is about 2X from here for those interested in AT LEAST doubling their ETH stash. Blow-off top on ETH could be signal for aggressive entry on this pair. Regarding fundamentals: If you're not aware yet, ETH is centralized and appeals to banks and business who will probably overrule the mining/staking power and take control of the network consensus algorithm at their will. ETC is founded on what made ETH great: decentralization, immutability, and low startup costs for DApps. Deploying smart contracts on ETH is simply too costly right now in comparison for what are usually mom's garage operations prior to a successful ICO. The human intervention on ETH is no different from the current banking and economic system and their ruler's own personal interest/influence. Yellen's IRA is like the Ethereum Foundation's wallet, same same. If you don't know this stuff, you probably just chased the hype and now don't know where to turn, OR maybe you're in so much profit that you've been reducing risk and your cost basis is negative now. Congratulations either way, now stay smart and watch out for greed. Whoa, that was long..
by navierstokes
1
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