Hi friends! Welcome to this $ETC update analysis
Not much needs to discussed around here, its very clear ETC broke out from a classical pennant chart pattern after trading for sometime on a range. This breakout was confirmed by a hidden bullish divergence signal from 4H and 1 H Chart. This is a easy textbook trade, just be careful with the black dotted line as we see this as an area of first sign of trouble. Profit taking around this area is a wise decision. Stop loss should be placed somewhere near the red dotted line. Target is on the chart.
This is just a guide, not a trading advise.
Hit like and follow for more chart updates!
Thanks
-Your Poop Trader
Not much needs to discussed around here, its very clear ETC broke out from a classical pennant chart pattern after trading for sometime on a range. This breakout was confirmed by a hidden bullish divergence signal from 4H and 1 H Chart. This is a easy textbook trade, just be careful with the black dotted line as we see this as an area of first sign of trouble. Profit taking around this area is a wise decision. Stop loss should be placed somewhere near the red dotted line. Target is on the chart.
This is just a guide, not a trading advise.
Hit like and follow for more chart updates!
Thanks
-Your Poop Trader
Trade closed: stop reached