Etherium Classic looking weak

Diupdate
The false break out the top of the rising channel was enough for me to look for shorting opportunities.

This indicates there is greater selling pressure above and now expect a break through the bottom of the rising channel.

This could also coincide with Bitcoin which is at a supply zone and struggling to push higher without volume. Therefore, keep an eye on BTC as it will affect ETC price action.

Initial targets will be the 127% extension, however will refine once smaller time frame patterns emerge for entry.

Confirmation of a sell order would be a break below the trend line. Bearish bias until the market proves otherwise.

Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.

Catatan
Smack down!
cuplikan
Catatan
Tighten stops if you shorted this, Bitcoin is about to do something crazy,
Catatan
Well I was right about Bitcoin and this trade idea (so far) :)
Catatan
Keep an eye on bear flag too
cuplikan
Catatan
Lock in a free trade and wait for either SL or TP to hit!
Catatan
SL hit at Break-even. This was a good trade, hopefully some took partial profits.
Trading ditutup: target tercapai
Reached the profit target before a sharp reversal.
Chart PatternscryptoretracementsupportTrend AnalysisWedge

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