ETHEREUM CLASSIC (ETC) has hit daily EMA200, lock your profit!!OKEX:ETCPERP
Due to the recovery of BTC, ETC pumped over 40% in 2 days after the volatility warning signals appeared.
The volatility warning signal on December 3 was extremely good. The price dropped 40.72% in one day just after the volatility warning appeard.
ETC Daily analysis :
At present, the price has reached the daily EMA200 long-short dividing line + the previous resistance leael = 2 BUFF
Don't bet on breakthroughs EMA200, lock in profits, and take 50% profit first.
The remaining 50% of the positions depend on the 1-hour or 4-hour trend structure of ETC.
If there is a structure of energy exhaustion, the highs gradually decrease as the lows gradually decrease, close all the position.
If the momentum can remain strong, the highs continue to rise as the lows continue to rise, hold the rest of position.
ETC 1 Hour analysis :
Keep an eye on the 1-hour EMA20 and EMA50.
If the price reaches the support area of these two moving averages, and any 2 of the 4 BUFFs appear, you can go long (the more BUFFs, the safer, the better)
1. Price Patten (Double bottom, reversal h&s,etc)
2. Moving Average
3. Candle (bullish engulfing, Dragonfly doji, hanghing man or hammer,etc)
4. Divergence signals
Summarize :
On the daily timeframe, the price has reached the EMA200 long-short dividing line, and locking 50% of the profit is necessary.
on the 1 hour timeframe, you can find patterns and moving average as low-risk areas to open long position
*The risk of each trade is 0.5%~1% of the total assets, and the maximum risk should not exceed 2%.
