ETC Oversold - Long

Nov 3, 2020

ETC firmly in oversold territory, testing previous lows. Given the coin's resilience last month to very bearish news, and better future news on the horizon with defi compatibility 51% protection and SHA-3, I expect we will see a bottom here soon and then the price will begin to climb toward $8 or $10 in the medium outlook.

Nov 5, 2020

Trade active

Double bottom on the 5 day chart in the $4.70 range, currently trading at $4.91. Support clearly very strong in the high ~$4 range, despite multiple large selling spikes. May continue to consolidate in the high $4 low $5 range before slowly climbing.

Nov 6, 2020

Trade closed: target reached

ETC at $5.35 as of writing. Played out exactly as described here. ETC no longer heavily oversold, so I am closing the trade.