ETC/USD - Triple confirmation for bullish setupETC/USD
cmp 33.5
Target 50 plus
Stop 20.
1) Triple bottom set up.
2) Right triangle breakout observed.
3) Most recently, rectangular breakout with volumes confirm continatuation of bullish stance.
ETCLTC_87F5F9.USD trade ideas
Verge of a Break out!An ascending triangle formation is seen in the 4hr chart.
The green candle is on the resistance. Chances of a break out here is less.
Looking at the RSI it seems that there is room for the buyers
MACD hasn't confirmed the uptrend yet. Therefore, i think it'd follow the blue curve before breaking out.
I'd go long at the blue line. hopefully, there would be enough confirmation there.
Appreciate your feedback. Thank you!
