Ethereum Classic (ETC) Bearish Divergence, drop likely.

31 juil. 2018

ETC has been on my watchlist for a while, and recently closed my position in anticipation for the sell-off after a 2.4% gain.

Trade can be found here

Due to the bearish divergence on the RSI, it is very possible ETC will drop, so this could be a good short position.

How to trade:

Buy in: On or above the white trendline

Sell Target
Around 2169 if this idea plays out like last time.

if we break above, this will be invalidated and a long position might be a good idea. I think it's going to drop, however.

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31 juil. 2018

Note

This would be the idea long scenario.

31 juil. 2018

Note

If this closes below, bearish will probably happen

31 juil. 2018

Note

This is my ideal buy in position. If it drops below would seem like etc is more bearish.

31 juil. 2018

Note

Added 10% of my position right here.

31 juil. 2018

Note

50% at 2074
50% at 2065

Stop loss is market and manual.

31 juil. 2018

Note

First sign of support here.

31 juil. 2018

Trade fermée: cible de profit atteinte

Closed 50% at 1.35%

1 août 2018

Trade fermée: cible de profit atteinte

Closed 25% at 2103

1 août 2018

Trade fermée: cible de profit atteinte

Final 25% at 2125

1 août 2018

Note

If i didn't ladder sells, would have been over 2%. No regrets though. Better safe than sorry.