ETC / USD A symmetrical triangle forms. Past Idea + 195%
Actualizado
On the ETC / USD pair, under the important resistance zone that was indicated in the previous trading idea, a symmetrical triangle forms - a figure of uncertainty, the strengths of bulls and bears are balanced. The frequency of signal processing in such an up / down triangle is approximately equal to 50/50. Therefore, work from the situation towards breaking through the formation.
The potential movement of a triangle is its width, which is about + 35%.
It is also worth noting that the forming triangle itself can act as the canvas of the ascending pennant, but here the chain is the height of the flagpole, which is about + 80%.
When breaking through a triangle, observe the volume, if the breakthrough is on weak volumes, it is highly likely that only the target of the triangle will work out. If the breakthrough will occur on a large volume, then the potential for fulfilling the goals of the ascending pennant.
If after the breakthrough it doesn’t matter if the triangle or pennant is up, the price will fix above the $ 10 zone, then this zone can act as a launching pad for the new main uptrend. With the first potential + 200%. I showed it in detail in the previous trading idea: Work on ETC / USD Pivot Points. Channel. Wedge. Double bottom. For December 8th. While everything is going according to plan, the profit is already about + 200%.
If this symmetrical triangle breaks down, the price is fixed under the support of the triangle - work in short. Target on the chart. This is the width of the canvas of the triangle. Into the area before the downtrend line of the main trend (which will act as a support). Also observe the volume, if there is no volume - the potential for false probation.
ENTRANCE
1) On a breakthrough or rollback after breaking a symmetrical triangle.
Work in long / short depending on which side the triangle will be broken.
Stop loss
Under key support levels during your entry into the market.
TARGET
1) The goal of the triangle in cases of breakthrough up + 35%
2) The goal of the ascendant pennant + 80% (if the triangle acts as a pennant web, a breakthrough on a large volume).
3) The purpose of the triangle in the event of a break down to the area of -30-35% to the area in front of the downtrend line of the main trend (which will act as a support).
The previous trading idea for this coin from 1 entry point gave + 195%.
Agree on a highly liquid coin this is an excellent result and in a relatively short time, about 1.5-2 weeks.
On this occasion, I made 2 trading ideas in advance.
In detail in them I described and showed what is happening on a global scale and locally.
ETC / USD Pivot Points. Wedge. Potential + 150% Dec 8, 2019 Profit + 195%
Work on ETC / USD Pivot Points. Channel. Wedge. Double bottom. Dec 8, 2019 Profit + 195%
The potential movement of a triangle is its width, which is about + 35%.
It is also worth noting that the forming triangle itself can act as the canvas of the ascending pennant, but here the chain is the height of the flagpole, which is about + 80%.
When breaking through a triangle, observe the volume, if the breakthrough is on weak volumes, it is highly likely that only the target of the triangle will work out. If the breakthrough will occur on a large volume, then the potential for fulfilling the goals of the ascending pennant.
If after the breakthrough it doesn’t matter if the triangle or pennant is up, the price will fix above the $ 10 zone, then this zone can act as a launching pad for the new main uptrend. With the first potential + 200%. I showed it in detail in the previous trading idea: Work on ETC / USD Pivot Points. Channel. Wedge. Double bottom. For December 8th. While everything is going according to plan, the profit is already about + 200%.
If this symmetrical triangle breaks down, the price is fixed under the support of the triangle - work in short. Target on the chart. This is the width of the canvas of the triangle. Into the area before the downtrend line of the main trend (which will act as a support). Also observe the volume, if there is no volume - the potential for false probation.
ENTRANCE
1) On a breakthrough or rollback after breaking a symmetrical triangle.
Work in long / short depending on which side the triangle will be broken.
Stop loss
Under key support levels during your entry into the market.
TARGET
1) The goal of the triangle in cases of breakthrough up + 35%
2) The goal of the ascendant pennant + 80% (if the triangle acts as a pennant web, a breakthrough on a large volume).
3) The purpose of the triangle in the event of a break down to the area of -30-35% to the area in front of the downtrend line of the main trend (which will act as a support).
The previous trading idea for this coin from 1 entry point gave + 195%.
Agree on a highly liquid coin this is an excellent result and in a relatively short time, about 1.5-2 weeks.
On this occasion, I made 2 trading ideas in advance.
In detail in them I described and showed what is happening on a global scale and locally.
ETC / USD Pivot Points. Wedge. Potential + 150% Dec 8, 2019 Profit + 195%
Work on ETC / USD Pivot Points. Channel. Wedge. Double bottom. Dec 8, 2019 Profit + 195%
Nota
Operación cerrada: objetivo alcanzado
+ 45% for this trading idea
+ 227% on the first trading idea from the entry point.
Nota
Nota
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