ETC/USD is way undervalued. We haven't seen price move on this cross for a while.
Price surged high and then consolidated - this is the three step pattern that is common in most other charts. Rise- consoldation- rise.
The long term resistance has been broken. Time to trade.Price has made a clear break after retesting the previous resistance now support (role reversal) and we will see ETC rise.
In this pattern I look at the width of the channel or % rise 173 % and multiply it by 2. This gives me the initial target to scale 1/2 the position then the second for the longer term play.
A simple plan all you need to do is stick to your plan to reap the rewards.
Price surged high and then consolidated - this is the three step pattern that is common in most other charts. Rise- consoldation- rise.
The long term resistance has been broken. Time to trade.Price has made a clear break after retesting the previous resistance now support (role reversal) and we will see ETC rise.
In this pattern I look at the width of the channel or % rise 173 % and multiply it by 2. This gives me the initial target to scale 1/2 the position then the second for the longer term play.
A simple plan all you need to do is stick to your plan to reap the rewards.