ETC Oversold - Long

2020年11月3日

ETC firmly in oversold territory, testing previous lows. Given the coin's resilience last month to very bearish news, and better future news on the horizon with defi compatibility 51% protection and SHA-3, I expect we will see a bottom here soon and then the price will begin to climb toward $8 or $10 in the medium outlook.

2020年11月5日

交易开始

Double bottom on the 5 day chart in the $4.70 range, currently trading at $4.91. Support clearly very strong in the high ~$4 range, despite multiple large selling spikes. May continue to consolidate in the high $4 low $5 range before slowly climbing.

2020年11月6日

交易结束：到达目标

ETC at $5.35 as of writing. Played out exactly as described here. ETC no longer heavily oversold, so I am closing the trade.