Today we are watching ETC/BTC on a 1h chart. After a nice H&S we have just closed a key reversal on the hour. Guessing it will go up, I'm hoping to take a small but quick profit here. Looking at the ADX we can see both green and red taking a little turn and the ADX line getting back up so we could witness a small but strong uptrend coming up.
Going up for the moment but having 2 options afterwards. After reaching the first support line we can go up and go for another higher high or we could see double tops forming in which we should be going downwards after it.
Trade: - Going in at current price - Take profit on 0.0034850 - Stop loss at 0.0031051 - Risk/Reward 3,27