Near hitting the target and the 1W Support. Short intact.

12 בספט׳ 2018

After breaking the 1D Ascending Triangle (oversold STOCH = 19.801, STOCHRSI = 0.000, Williams = -95.573), ETCUSD has sharply decline forming an aggressive 4H Channel Down (RSI = 32.215, Highs/Lows = -0.5934). The price is now near our TP = 9.5050 and also the supporting ling of the 1W Falling Wedge, which is the commanding trend provider on the long term. Crossing 9.000 is a psychological barrier that will set the bar for ETC much lower (7.000). Update wil follow to cover this scenario.