ETCUSD : W pattern opportunity

2018年6月30日

Potential W pattern.
We still are in the rally.
MACD cross.

Long trade opportunity:
-Entry=16.2
-Profit target=20.8
-Stop Loss=14.9

If we break the black line resistance, we should see strong buy to confirm the pattern.

2018年6月30日

交易進行

16.2 act as a support

2018年7月1日

註釋

Bullflag pattern forming, the same as Bitcoin.
RSI shows bearish divergence on the hour-chart, that could lead to a fail of the W pattern.
Conclusion : if the bull flag breaks down and fail, then we would retest blue channel support and the principal maroon trend line of the rally.

2018年7月2日

註釋

We failed one breakout because of small volumes. Now we see a breakout on the 4-hour chart, but we need a clear increase of volume to confirm the pattern.

2018年7月2日

註釋

Pattern confirmed.
16.060 support broken with a green candle with great volume.
W pattern seemed to be confirmed, bulls would buy more soon.

Profit target : 20.8 but you could put another one smaller to save profits.