ETC Ethereum Classic - Jan 19 - Setups - Bullish for 36%, Bearish for 25%steemCreated with Sketch.

in #ethereum7 years ago (edited)

Two potential cases

We see a possible pattern emerge with indecision currently where the daily candle body is between the 55 EMA. If successfully closes above it with volume and with a bullish candle, a scenario is possible. This setup assumes a double top scenario. There is a 50% chance though as traders we must plan ahead for setups such as these to have multiple opportunities ahead of time.

There is also a bearish opportunity where it breaks the trend line support, falling to the $23.25-$24 ranges, where the previous supports are based on price action and resistance.


Always be cautious, take high probability trades, plan entries and exits, stick to high reward low risk R:R setups. Good luck traders

Please consider these videos:

Lesson 1 - Bitfinex Tutorial - How to Customize and Set Up Bitfinex
Lesson 2 - Tutorial Part 2 How to Analyze Candlesticks Charts with Strategy
Lesson 3- Let's learn Moving Averages
Lesson 4- Let's Learn Relative Strength Index RSI with Advanced Strategy
Lesson 5 Let's Learn MACD and Histogram
Lesson 6 Let's Learn Margin Trading Long, Short, Leveraging
Lesson 7 Let's Learn Basic Risk Management
Lesson 8 Let's Learn Fibonacci Retracement Part 1
Lesson 9 Let's Learn Fibonacci Extension Part 2
Lesson 10 Quick Intro to Analyzing Level 2
Lesson 11 Introduction to Laddering

Twitter - https://twitter.com/PhilakoneCrypto
https://www.youtube.com/user/philakone1

If you enjoyed this video, please like, subscribe, follow, share, upvote, or donate to Luna!

Luna's personal bitfinex account:

BTC address: 1PruhmsYXU2gPkNw574xZSMyBG4YW5Wnq9
Ethereum: 0x2538b728f9682fc1dc2e7db8129730f661753850
LTC: LPeaZpGiF3XdCw5XPN7LXztDagTEZAMgYd
Bitcoin Cash: 1AY2FPANCe5URB71Nvy6tkCgoTS8iHgmZD

The ultimate goal is to help the crypto community because I think there's a lack of these type of videos. I want to share everything I've learned because knowledge is only power if passed on. These are educational videos intended to teach how to think through thought-out rationalization.

DISCLAIMER:

Legal stuff here. I'm not financial advisor. This is just my opinion that I'm sharing with the community. All information is for yours to process how you wish.

Sort:  

Very good case. This is one of the tokens we might see reach LITE COIN margins in the long run but quite quickly.