ETC breaks neckline
Hellooo traders & friends,
just as anticipated on Friday's idea, we have broken the neckline at 16.8 with more than 3% profit potential.
But beware: It is not likely that we'll shoot to $19 immediately now & break it, since we have the resistance at $18 coming up first. Bulls can use the 4H Higher Lows established at 16.5 as their stop-loss, as a retest of the break-out zone is still possible.
=> Essentially, ETC's move will highly depend on big brother Bitcoin's showdown this week at the 6.800 Dollar range.
In the direct correleation ETC/BTC, we're at the important level of 0.0026 -nicely surfing the 4H EMA 12 & 26 to the upside- it will be essential for the ETC bulls to uphold this area.
If you don't want to miss trend reversals & neckline breaks the next time, please like & subscribe, and watch my daily videos! ;) I wish you a wonderful start into the week & good trading!
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
just as anticipated on Friday's idea, we have broken the neckline at 16.8 with more than 3% profit potential.
But beware: It is not likely that we'll shoot to $19 immediately now & break it, since we have the resistance at $18 coming up first. Bulls can use the 4H Higher Lows established at 16.5 as their stop-loss, as a retest of the break-out zone is still possible.
=> Essentially, ETC's move will highly depend on big brother Bitcoin's showdown this week at the 6.800 Dollar range.
In the direct correleation ETC/BTC, we're at the important level of 0.0026 -nicely surfing the 4H EMA 12 & 26 to the upside- it will be essential for the ETC bulls to uphold this area.
If you don't want to miss trend reversals & neckline breaks the next time, please like & subscribe, and watch my daily videos! ;) I wish you a wonderful start into the week & good trading!
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
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