ETC IS READY TO INITIATE UPWARD MOVEMENT AFTER FORMING SYMMETRICAL TRIANGLE

in #bitcoin7 years ago

Hey Friends,

I am here to show you the symmetrical triangle being formed by Ethereum Classic (ETC). The breakout is expected toward upward. Symmetrical Triangle is a well-known pattern to observe the upward price movement in the bullish market.

Indicators:

1- Relative strength is just above the 30 and RSI chart is also showing upward movement.
2- MACD is also showing that MACD signal line (blue colored) is crossing upward MACD link (red colored).

Note:

Stoploss is must in crypto trading if one does not know about Averaging Technique because this golden technique help you to not only come out from loss in any altcoin but also convert one's loss into profit quickly.


image Source: Tradingview.com


Disclamer: It is just my opinion. One may have his own research/analysis before making any entry.

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I am student of S.E.I very nice post helpful for online business i like it.