Hi everyone. Lets continue in this profitable trade. After the price hit the 37USD target, it quickly went down to 38.2 Fibonacci retracement
. Along with that the ETC has formed buff flag (pink/black). We may see further fall to the 50, or even 61.8 Fibonacci, before ETC will continue its way to the all time high. However if price drops below 78.6 Fibonacci, that would be the sell signal for this trade, meaning, the price would probably drop even lover. If you already left this trade and withdrawn your profits, I would suggest to reenter only once the break above the bull flag
will occur or 61.8Fibonacci level is reached. If you are still in, there is no meaning to sell now, just wait and see how this trade will evolve.
Entry points for new traders: 31.20 or 29.60. If ETC will break top of the bull flag
first, then entry point is 36
Target price: 46