ETC has been on accumulation for a long time, it is a good sign for growth. Some other preconditions for breakout include: previous SL hunt, big guys look for liquidity to be able to accumulate bigger size positions. Previous bull trap, price is squeezing to the trendline and it is in a value area. After confirmation (breakout) I will open a trade.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.