6-15% drop in ETCUSD detected, don't go long 🔥

29 במרץ 2022

I detected high selling pressure on ETCUSD. The price will most likely drop beyond 6%. I expect the 6% drop to be a safe target, and if able to monitor price action, 15% could be possible for us to see in the next couple of days.

29 במרץ 2022

הערה

The spikes at the top of the triangle tell me the selling pressure is high, and the price is being compressed lower. It should drop and break the bottom trendline of the triangle. The scale has already tilted to short 🤔

29 במרץ 2022

הערה

My advice is not to short at this time any of the coins. The market overall is very bullish, and cryptos are flying higher. That market momentum could take ETCUSD higher, but the weakness remains. This means ETCUSD will be a great candidate for shorting on the next down wave, and I expect it to drop harder than the others.

31 במרץ 2022

הערה

Lowered the target to get out of the trade at break even with DCA. Exiting at 48.42