ETC Oversold - Long

3 พ.ย. 2020

ETC firmly in oversold territory, testing previous lows. Given the coin's resilience last month to very bearish news, and better future news on the horizon with defi compatibility 51% protection and SHA-3, I expect we will see a bottom here soon and then the price will begin to climb toward $8 or $10 in the medium outlook.

5 พ.ย. 2020

การซื้อขายยังคงดำเนินอยู่

Double bottom on the 5 day chart in the $4.70 range, currently trading at $4.91. Support clearly very strong in the high ~$4 range, despite multiple large selling spikes. May continue to consolidate in the high $4 low $5 range before slowly climbing.

6 พ.ย. 2020

ปิดการเทรด: ถึงเป้าหมายการทำกำไร

ETC at $5.35 as of writing. Played out exactly as described here. ETC no longer heavily oversold, so I am closing the trade.