Ethereum Classic (ETC) Bearish Divergence, drop likely.

已更新
ETC has been on my watchlist for a while, and recently closed my position in anticipation for the sell-off after a 2.4% gain.

Trade can be found here
Ethereum Classic (ETC) Swing Trade #4


Due to the bearish divergence on the RSI, it is very possible ETC will drop, so this could be a good short position.

How to trade:

Buy in: On or above the white trendline

Sell Target
Around 2169 if this idea plays out like last time.

if we break above, this will be invalidated and a long position might be a good idea. I think it's going to drop, however.

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注释
快照

This would be the idea long scenario.
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快照

If this closes below, bearish will probably happen
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快照

This is my ideal buy in position. If it drops below would seem like etc is more bearish.
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Added 10% of my position right here.
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50% at 2074
50% at 2065

Stop loss is market and manual.
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快照

First sign of support here.
交易结束:到达目标
Closed 50% at 1.35%
交易结束:到达目标
Closed 25% at 2103
交易结束:到达目标
Final 25% at 2125
注释
If i didn't ladder sells, would have been over 2%. No regrets though. Better safe than sorry.
Chart PatternsetcetcbtcETCETHetclongETCUSDETCUSDTethereumclassicethereumclassicbtcethereumclassiclongHarmonic PatternsTrend Analysis

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